Connor Clark & Lunn Investment Management Ltd. Has $396,000 Stock Position in OFS Capital Co. (NASDAQ:OFS)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of OFS Capital Co. (NASDAQ:OFS) by 44.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,066 shares of the investment management company’s stock after purchasing an additional 15,109 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.37% of OFS Capital worth $396,000 as of its most recent SEC filing.

Separately, Jane Street Group LLC acquired a new position in shares of OFS Capital during the 3rd quarter worth about $115,000. 10.81% of the stock is owned by institutional investors and hedge funds.

OFS Capital Price Performance

OFS opened at $9.20 on Monday. The stock has a market cap of $123.28 million, a P/E ratio of -102.21 and a beta of 1.76. OFS Capital Co. has a 12 month low of $7.75 and a 12 month high of $10.14. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of $8.46 and a 200 day simple moving average of $8.31.

OFS Capital (NASDAQ:OFS) last announced its quarterly earnings results on Monday, March 3rd. The investment management company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. OFS Capital had a positive return on equity of 11.26% and a negative net margin of 2.29%. The company had revenue of $11.65 million during the quarter, compared to the consensus estimate of $10.30 million. On average, research analysts expect that OFS Capital Co. will post 1.17 EPS for the current year.

OFS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.36 annualized dividend and a yield of 14.78%. OFS Capital’s dividend payout ratio (DPR) is currently 64.15%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of OFS Capital from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 13th.

OFS Capital 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.