OFS Capital (NASDAQ:OFS) Releases Earnings Results

OFS Capital (NASDAQ:OFS) released its quarterly earnings data on Thursday. The investment management company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.28, FiscalAI reports. The firm had revenue of $10.95 million for the quarter, compared to analysts’ expectations of $7.87 million. OFS Capital had a negative net margin of 95.15% and a positive return on equity of 8.74%.

OFS Capital Stock Down 4.6%

Shares of OFS stock traded down $0.16 during trading hours on Thursday, hitting $3.29. 136,618 shares of the company’s stock traded hands, compared to its average volume of 39,301. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $3.53 and its two-hundred day simple moving average is $3.83. OFS Capital has a 12-month low of $2.72 and a 12-month high of $8.99. The stock has a market cap of $44.09 million, a price-to-earnings ratio of -1.18 and a beta of 0.84.

Institutional Investors Weigh In On OFS Capital

Several institutional investors and hedge funds have recently made changes to their positions in OFS. Royal Bank of Canada lifted its stake in OFS Capital by 53.3% during the 4th quarter. Royal Bank of Canada now owns 11,500 shares of the investment management company’s stock valued at $55,000 after acquiring an additional 4,000 shares during the period. Bank of America Corp DE grew its stake in shares of OFS Capital by 245.3% in the fourth quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company’s stock worth $57,000 after acquiring an additional 5,029 shares during the period. Jane Street Group LLC purchased a new position in shares of OFS Capital during the fourth quarter valued at approximately $66,000. Squarepoint Ops LLC bought a new position in OFS Capital during the fourth quarter valued at approximately $202,000. Finally, Marshall Wace LLP bought a new position in OFS Capital during the fourth quarter valued at approximately $377,000. Institutional investors own 10.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on OFS shares. Wall Street Zen upgraded OFS Capital from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of OFS Capital in a report on Thursday, June 4th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $7.00.

OFS Capital Company Profile

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.