Equities research analysts expect OFS Capital Corporation (NASDAQ:OFS) to report sales of $8.77 million for the current quarter, Zacks reports. Two analysts have issued estimates for OFS Capital Corporation’s earnings, with estimates ranging from $8.45 million to $9.09 million. OFS Capital Corporation posted sales of $7.36 million during the same quarter last year, which suggests a positive year-over-year growth rate of 19.2%. The company is scheduled to issue its next earnings report on Friday, November 3rd.
On average, analysts expect that OFS Capital Corporation will report full year sales of $8.77 million for the current fiscal year, with estimates ranging from $33.11 million to $34.40 million. For the next year, analysts forecast that the company will post sales of $37.57 million per share, with estimates ranging from $35.45 million to $39.68 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow OFS Capital Corporation.
OFS Capital Corporation (NASDAQ:OFS) last issued its earnings results on Friday, August 4th. The investment management company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. OFS Capital Corporation had a return on equity of 9.43% and a net margin of 31.02%. The business had revenue of $7.98 million during the quarter, compared to analyst estimates of $8.53 million.
Several research analysts recently weighed in on the company. National Securities reiterated a “buy” rating and set a $16.00 price target on shares of OFS Capital Corporation in a research report on Tuesday, July 25th. Zacks Investment Research upgraded OFS Capital Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Robert W. Baird cut OFS Capital Corporation from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $16.00 to $13.00 in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $14.25.
A number of hedge funds have recently made changes to their positions in OFS. Wells Fargo & Company MN raised its position in OFS Capital Corporation by 243.0% during the first quarter. Wells Fargo & Company MN now owns 14,929 shares of the investment management company’s stock valued at $212,000 after acquiring an additional 10,577 shares in the last quarter. Oxford Asset Management purchased a new position in OFS Capital Corporation during the first quarter valued at approximately $370,000. UBS Group AG raised its position in OFS Capital Corporation by 16.2% during the first quarter. UBS Group AG now owns 204,251 shares of the investment management company’s stock valued at $2,898,000 after acquiring an additional 28,449 shares in the last quarter. Morgan Stanley raised its position in OFS Capital Corporation by 25.3% during the first quarter. Morgan Stanley now owns 157,167 shares of the investment management company’s stock valued at $2,230,000 after acquiring an additional 31,714 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in OFS Capital Corporation during the first quarter valued at approximately $188,000. Institutional investors own 28.65% of the company’s stock.
Shares of OFS Capital Corporation (NASDAQ OFS) traded down 0.91% during trading on Wednesday, reaching $13.06. The company’s stock had a trading volume of 22,895 shares. The firm’s 50-day moving average is $13.09 and its 200-day moving average is $13.81. OFS Capital Corporation has a 12-month low of $12.25 and a 12-month high of $15.24.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 10.41%. The ex-dividend date of this dividend was Thursday, September 14th. OFS Capital Corporation’s dividend payout ratio is currently 125.93%.
OFS Capital Corporation Company Profile
OFS Capital Corporation (OFS Capital) is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to provide its shareholders with both current income and capital appreciation primarily through debt investments and equity investments. It focuses primarily on middle-market companies in the United States, including senior secured loans, including first-lien, second-lien and unitranche loans, as well as subordinated loans, and warrants and other minority equity securities.
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