OFS Capital Corporation (OFS) to Issue Quarterly Dividend of $0.17 on July 6th

OFS Capital Corporation (NASDAQ:OFS) declared a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, June 19th will be paid a dividend of 0.17 per share by the investment management company on Monday, July 6th. This represents a c) dividend on an annualized basis and a yield of 16.8%. The ex-dividend date is Thursday, June 18th.

OFS Capital has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. OFS Capital has a dividend payout ratio of 87.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

OFS Capital Trading Up 6.9%

Shares of OFS Capital stock opened at $4.05 on Tuesday. OFS Capital has a 12-month low of $2.72 and a 12-month high of $9.19. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.49. The stock has a market cap of $54.27 million, a PE ratio of -1.45 and a beta of 0.86. The company has a 50-day moving average of $3.68 and a two-hundred day moving average of $4.14.

OFS Capital (NASDAQ:OFS) last issued its earnings results on Thursday, April 30th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). OFS Capital had a negative net margin of 95.15% and a positive return on equity of 8.74%. The company had revenue of $2.56 million during the quarter, compared to analysts’ expectations of $9.45 million.

Institutional Trading of OFS Capital

A number of hedge funds have recently bought and sold shares of the company. Two Sigma Investments LP boosted its position in OFS Capital by 5.8% during the third quarter. Two Sigma Investments LP now owns 120,908 shares of the investment management company’s stock worth $930,000 after acquiring an additional 6,636 shares during the last quarter. Virtus Investment Advisers LLC boosted its position in OFS Capital by 24.0% during the fourth quarter. Virtus Investment Advisers LLC now owns 82,221 shares of the investment management company’s stock worth $391,000 after acquiring an additional 15,935 shares during the last quarter. Marshall Wace LLP acquired a new stake in OFS Capital during the fourth quarter worth approximately $377,000. Squarepoint Ops LLC acquired a new stake in OFS Capital during the fourth quarter worth approximately $202,000. Finally, Concorde Asset Management LLC acquired a new stake in OFS Capital during the first quarter worth approximately $64,000. Institutional investors and hedge funds own 10.81% of the company’s stock.

About OFS Capital

OFS Capital Corporation (NASDAQ: OFS) is a business development company (BDC) that provides customized debt and equity financing solutions to U.S. middle-market companies. As an externally managed BDC, OFS Capital focuses on sponsoring capital structures that support growth initiatives, recapitalizations, acquisitions and other strategic transactions. The firm targets companies that demonstrate strong cash flow potential and scalable business models across a range of industries.

The company’s investment portfolio typically includes senior secured loans, unitranche facilities, mezzanine debt and equity co-investments.