OFS Capital Co. (NASDAQ:OFS) Short Interest Update

OFS Capital Co. (NASDAQ:OFS) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 62,900 shares, an increase of 59.2% from the November 30th total of 39,500 shares. Based on an average daily trading volume, of 55,200 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.5% of the company’s stock are sold short.

OFS Capital Stock Down 0.1 %

Shares of OFS Capital stock opened at $7.94 on Monday. 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 $106.38 million, a P/E ratio of -88.21 and a beta of 1.77. The firm’s 50 day moving average price is $8.20 and its 200-day moving average price is $8.40. OFS Capital has a 52-week low of $7.75 and a 52-week high of $12.06.

OFS Capital (NASDAQ:OFS) last released its quarterly earnings results on Thursday, October 31st. The investment management company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $10.92 million for the quarter, compared to analyst estimates of $10.97 million. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. During the same period in the previous year, the company earned $0.40 earnings per share. On average, sell-side analysts predict that OFS Capital will post 1.18 EPS for the current fiscal year.

OFS Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 17.13%. The ex-dividend date is Friday, December 20th. OFS Capital’s dividend payout ratio (DPR) is presently -1,511.11%.

Institutional Investors Weigh In On OFS Capital

A number of large investors have recently modified their holdings of OFS. International Assets Investment Management LLC boosted its stake in OFS Capital by 783.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,180,017 shares of the investment management company’s stock worth $9,971,000 after purchasing an additional 1,046,440 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of OFS Capital by 7.3% in the third quarter. Arkadios Wealth Advisors now owns 81,961 shares of the investment management company’s stock worth $693,000 after buying an additional 5,575 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of OFS Capital during the second quarter worth $114,000. Finally, Jane Street Group LLC purchased a new stake in shares of OFS Capital during the third quarter valued at $115,000. Hedge funds and other institutional investors own 10.81% of the company’s stock.

OFS Capital Company Profile

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.