OFS Capital (NASDAQ:OFS) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
OFS has been the topic of a number of other reports. TheStreet raised shares of OFS Capital from a “c” rating to a “b” rating in a report on Wednesday, August 29th. Zacks Investment Research raised shares of OFS Capital from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Tuesday, July 10th. Finally, National Securities reaffirmed a “buy” rating and issued a $15.00 target price on shares of OFS Capital in a report on Tuesday, August 7th.
Shares of OFS Capital stock traded up $0.09 during trading on Friday, reaching $12.54. The company’s stock had a trading volume of 67,900 shares, compared to its average volume of 47,864. The stock has a market capitalization of $165.55 million, a price-to-earnings ratio of 9.80 and a beta of 0.50. OFS Capital has a fifty-two week low of $10.41 and a fifty-two week high of $13.59. The company has a debt-to-equity ratio of 0.85, a current ratio of 5.00 and a quick ratio of 5.00.
OFS Capital (NASDAQ:OFS) last announced its earnings results on Friday, August 3rd. The investment management company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $10.28 million for the quarter, compared to analysts’ expectations of $10.13 million. OFS Capital had a net margin of 37.64% and a return on equity of 9.17%. analysts anticipate that OFS Capital will post 1.31 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in OFS. Trexquant Investment LP acquired a new position in OFS Capital in the 1st quarter valued at $250,000. JPMorgan Chase & Co. increased its stake in OFS Capital by 48.5% in the 1st quarter. JPMorgan Chase & Co. now owns 201,187 shares of the investment management company’s stock valued at $2,257,000 after buying an additional 65,746 shares during the period. Punch & Associates Investment Management Inc. increased its stake in OFS Capital by 1.9% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 255,753 shares of the investment management company’s stock valued at $2,870,000 after buying an additional 4,775 shares during the period. UBS Group AG increased its stake in OFS Capital by 6.0% in the 1st quarter. UBS Group AG now owns 302,083 shares of the investment management company’s stock valued at $3,390,000 after buying an additional 16,989 shares during the period. Finally, Freestone Capital Holdings LLC increased its stake in OFS Capital by 41.9% in the 1st quarter. Freestone Capital Holdings LLC now owns 233,542 shares of the investment management company’s stock valued at $2,620,000 after buying an additional 68,906 shares during the period. 21.98% of the stock is currently owned by institutional investors.
OFS Capital Company Profile
OFS Capital Corporation (OFS Capital) is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to provide its shareholders with both current income and capital appreciation primarily through debt investments and equity investments. It focuses primarily on middle-market companies in the United States, including senior secured loans, including first-lien, second-lien and unitranche loans, as well as subordinated loans, and warrants and other minority equity securities.
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