OFS Capital (NASDAQ:OFS) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

OFS Capital (NASDAQ:OFS) posted its quarterly earnings results on Monday. The investment management company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05, Zacks reports. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. The firm had revenue of $11.65 million for the quarter, compared to analysts’ expectations of $10.30 million.

OFS Capital Trading Up 0.6 %

NASDAQ:OFS opened at $8.35 on Tuesday. 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 market cap of $111.87 million, a PE ratio of -92.77 and a beta of 1.75. OFS Capital has a 52 week low of $7.75 and a 52 week high of $11.94. The business’s 50 day moving average is $8.14 and its two-hundred day moving average is $8.21.

Institutional Trading of OFS Capital

A hedge fund recently raised its stake in OFS Capital stock. Bank of America Corp DE increased its holdings in shares of OFS Capital Co. (NASDAQ:OFS) by 245.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,079 shares of the investment management company’s stock after acquiring an additional 5,029 shares during the quarter. Bank of America Corp DE owned approximately 0.05% of OFS Capital worth $57,000 at the end of the most recent quarter. Institutional investors own 10.81% of the company’s stock.

About OFS Capital

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.