OFS Capital Co. (NASDAQ:OFS) Short Interest Up 17.1% in February

OFS Capital Co. (NASDAQ:OFS) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 46,500 shares, an increase of 17.1% from the February 13th total of 39,700 shares. Based on an average daily trading volume, of 55,700 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On OFS Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in OFS Capital in the 3rd quarter worth $115,000. Arkadios Wealth Advisors lifted its position in shares of OFS Capital by 7.7% in the fourth quarter. Arkadios Wealth Advisors now owns 88,293 shares of the investment management company’s stock worth $713,000 after buying an additional 6,332 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in OFS Capital by 44.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company’s stock valued at $396,000 after buying an additional 15,109 shares during the last quarter. Trexquant Investment LP grew its holdings in OFS Capital by 36.8% during the 4th quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company’s stock valued at $490,000 after buying an additional 16,327 shares in the last quarter. Finally, Virtus ETF Advisers LLC increased its stake 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 worth $519,000 after acquiring an additional 8,784 shares during the last quarter. Institutional investors own 10.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of OFS Capital from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 13th.

OFS Capital Trading Down 0.3 %

Shares of OFS stock opened at $9.60 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a fifty day simple moving average of $8.44 and a two-hundred day simple moving average of $8.31. The firm has a market capitalization of $128.64 million, a PE ratio of -106.65 and a beta of 1.76. OFS Capital has a 52-week low of $7.75 and a 52-week high of $10.14.

OFS Capital (NASDAQ:OFS) last released its earnings results on Monday, March 3rd. The investment management company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. The firm had revenue of $11.65 million during the quarter, compared to analysts’ expectations 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 predict that OFS Capital will post 1.17 EPS for the current fiscal year.

OFS Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 21st will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 14.17%. The ex-dividend date of this dividend is Friday, March 21st. OFS Capital’s dividend payout ratio (DPR) is presently 64.15%.

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.