OFS Capital (NASDAQ:OFS) Raised to “Strong-Buy” at StockNews.com

OFS Capital (NASDAQ:OFS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.

OFS Capital Stock Up 0.5 %

Shares of OFS opened at $8.70 on Wednesday. The stock has a market capitalization of $116.56 million, a PE ratio of -96.66 and a beta of 1.75. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.55. The firm’s 50 day moving average is $8.17 and its 200-day moving average is $8.22. OFS Capital has a 12 month low of $7.75 and a 12 month high of $10.72.

OFS Capital (NASDAQ:OFS) last announced its quarterly earnings data on Monday, March 3rd. The investment management company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $11.65 million for the quarter, compared to analysts’ expectations of $10.30 million. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. Equities research analysts forecast that OFS Capital will post 1.17 EPS for the current year.

Institutional Trading of OFS Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in shares of OFS Capital in the 3rd quarter valued at $115,000. Arkadios Wealth Advisors lifted its holdings in OFS Capital by 7.7% in the fourth quarter. Arkadios Wealth Advisors now owns 88,293 shares of the investment management company’s stock valued at $713,000 after buying an additional 6,332 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in OFS Capital by 44.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company’s stock valued at $396,000 after acquiring an additional 15,109 shares during the last quarter. Trexquant Investment LP grew its holdings in OFS Capital by 36.8% during the 4th quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company’s stock worth $490,000 after acquiring an additional 16,327 shares during the period. Finally, Virtus ETF Advisers LLC raised its position in shares of OFS Capital by 15.8% in the 4th quarter. Virtus ETF Advisers LLC now owns 64,344 shares of the investment management company’s stock worth $519,000 after acquiring an additional 8,784 shares in the last quarter. Institutional investors and hedge funds own 10.81% of the company’s stock.

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.