OFS Capital (NASDAQ:OFS) Stock Rating Lowered by StockNews.com

OFS Capital (NASDAQ:OFS) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

OFS Capital Stock Up 3.7 %

Shares of NASDAQ OFS opened at $9.34 on Thursday. The company has a market capitalization of $125.16 million, a price-to-earnings ratio of -103.77 and a beta of 1.76. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.12 and a quick ratio of 0.12. The business has a 50-day moving average of $8.30 and a two-hundred day moving average of $8.26. OFS Capital has a 1 year low of $7.75 and a 1 year high of $10.15.

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 analysts’ consensus estimates of $0.25 by $0.05. The company had revenue of $11.65 million during the quarter, compared to the consensus estimate of $10.30 million. OFS Capital had a positive return on equity of 11.26% and a negative net margin of 2.29%. On average, analysts forecast that OFS Capital will post 1.17 earnings per share for the current fiscal year.

Institutional Trading of OFS Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in OFS Capital in the 3rd quarter valued at about $115,000. Arkadios Wealth Advisors increased its position in OFS Capital by 7.7% in the 4th quarter. Arkadios Wealth Advisors now owns 88,293 shares of the investment management company’s stock valued at $713,000 after acquiring an additional 6,332 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in OFS Capital by 44.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company’s stock valued at $396,000 after acquiring an additional 15,109 shares during the period. Trexquant Investment LP increased its position in OFS Capital by 36.8% in the 4th quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company’s stock valued at $490,000 after acquiring an additional 16,327 shares during the period. Finally, Virtus ETF Advisers LLC increased its position in OFS Capital by 15.8% in the 4th quarter. Virtus ETF Advisers LLC now owns 64,344 shares of the investment management company’s stock valued at $519,000 after acquiring an additional 8,784 shares during the period. 10.81% of the stock is owned by hedge funds and other institutional investors.

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.