OFS Capital Corp (NASDAQ:OFS) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 26,500 shares, a drop of 37.4% from the May 30th total of 42,300 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 40,300 shares, the short-interest ratio is presently 0.7 days.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new stake in OFS Capital in the 4th quarter valued at approximately $114,000. Macquarie Group Ltd. boosted its stake in shares of OFS Capital by 279.1% during the 4th quarter. Macquarie Group Ltd. now owns 4,723 shares of the investment management company’s stock worth $50,000 after acquiring an additional 3,477 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of OFS Capital by 6.7% during the 1st quarter. Confluence Investment Management LLC now owns 555,585 shares of the investment management company’s stock worth $6,528,000 after acquiring an additional 35,086 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of OFS Capital by 5.7% during the 1st quarter. Sigma Planning Corp now owns 21,644 shares of the investment management company’s stock worth $254,000 after acquiring an additional 1,172 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in shares of OFS Capital by 19.7% during the 1st quarter. Wedge Capital Management L L P NC now owns 75,564 shares of the investment management company’s stock worth $888,000 after acquiring an additional 12,427 shares in the last quarter. 20.55% of the stock is owned by hedge funds and other institutional investors.
Shares of OFS stock traded down $0.04 during trading hours on Friday, reaching $12.05. 1,916 shares of the company’s stock were exchanged, compared to its average volume of 55,032. The firm has a fifty day moving average price of $12.28. The stock has a market cap of $161.12 million, a PE ratio of 8.69 and a beta of 0.67. OFS Capital has a 1 year low of $9.53 and a 1 year high of $12.81. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.19 and a current ratio of 0.19.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 21st were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 11.29%. The ex-dividend date of this dividend was Thursday, June 20th. OFS Capital’s dividend payout ratio is currently 98.55%.
OFS has been the subject of a number of recent research reports. LADENBURG THALM/SH SH reissued a “buy” rating and issued a $26.00 target price on shares of Zynerba Pharmaceuticals in a report on Monday, May 6th. Zacks Investment Research raised shares of HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Finally, National Securities reiterated a “buy” rating and set a $5.00 target price on shares of Aquabounty Technologies in a research report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. OFS Capital has a consensus rating of “Hold” and an average target price of $14.50.
About OFS Capital
OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It does not invest in operational turnarounds or start-up businesses. For direct, it specializes in debt and structured equity investments, recapitalizations and refinancing, management and leveraged buyouts, acquisition financings, shareholder liquidity events, growth capital, independent sponsor transactions, ESOPs, and minority investments in the lower middle market companies.
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