NBC Securities Inc. Reduces Stake in OFS Capital Co. (NASDAQ:OFS)

NBC Securities Inc. lowered its stake in shares of OFS Capital Co. (NASDAQ:OFS) by 46.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,621 shares of the investment management company’s stock after selling 3,145 shares during the period. NBC Securities Inc.’s holdings in OFS Capital were worth $30,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of OFS. Sanctuary Advisors LLC bought a new stake in OFS Capital in the 2nd quarter valued at about $114,000. Arkadios Wealth Advisors raised its position in shares of OFS Capital by 108.1% in the first quarter. Arkadios Wealth Advisors now owns 42,303 shares of the investment management company’s stock valued at $420,000 after purchasing an additional 21,970 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of OFS Capital by 6.2% during the 1st quarter. Advisors Asset Management Inc. now owns 287,580 shares of the investment management company’s stock valued at $2,856,000 after buying an additional 16,748 shares in the last quarter. Institutional investors own 10.81% of the company’s stock.

OFS Capital Stock Up 0.5 %

OFS opened at $8.25 on Tuesday. The company has a 50 day moving average of $8.24 and a 200 day moving average of $8.92. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.45. OFS Capital Co. has a 12 month low of $7.75 and a 12 month high of $12.41. The company has a market cap of $110.53 million, a PE ratio of -8.33 and a beta of 1.78.

OFS Capital (NASDAQ:OFS) last announced its quarterly earnings results on Thursday, August 1st. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). The company had revenue of $11.17 million during the quarter, compared to analysts’ expectations of $11.78 million. OFS Capital had a negative net margin of 1.92% and a positive return on equity of 12.04%. During the same quarter last year, the firm posted $0.38 earnings per share. On average, sell-side analysts expect that OFS Capital Co. will post 1.17 EPS for the current year.

OFS Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.48%. The ex-dividend date was Friday, September 20th. OFS Capital’s payout ratio is -137.37%.

OFS Capital Company Profile

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.