OFS Capital (NASDAQ:OFS) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of OFS Capital Co. (NASDAQ:OFS) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.34 and traded as low as $8.04. OFS Capital shares last traded at $8.15, with a volume of 38,089 shares trading hands.

Wall Street Analysts Forecast Growth

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

OFS Capital Stock Performance

The business has a 50 day moving average price of $8.67 and a two-hundred day moving average price of $8.34. The stock has a market cap of $109.21 million, a P/E ratio of -90.55 and a beta of 1.29. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.55.

OFS Capital (NASDAQ:OFS) last released its quarterly earnings data on Monday, March 3rd. The investment management company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. The firm had revenue of $11.65 million for the quarter, compared to analysts’ expectations of $10.30 million. On average, sell-side analysts forecast that OFS Capital Co. will post 1.17 earnings per share for the current fiscal year.

OFS Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 21st were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.69%. OFS Capital’s payout ratio is 64.15%.

Institutional Trading of OFS Capital

A number of large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in shares of OFS Capital in the third quarter valued at $115,000. Arkadios Wealth Advisors grew its stake in shares of OFS Capital by 7.7% in the 4th 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. increased its holdings in shares of 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 worth $396,000 after buying an additional 15,109 shares during the last quarter. Trexquant Investment LP raised its position in shares of 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 lifted its holdings in shares of 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 last quarter. Institutional investors own 10.81% of the company’s stock.

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.