OFS Capital (NASDAQ:OFS) Issues Earnings Results

OFS Capital (NASDAQ:OFS) released its quarterly earnings data on Thursday. The investment management company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02), Zacks reports. OFS Capital had a negative net margin of 91.39% and a positive return on equity of 5.87%. The company had revenue of $5.94 million during the quarter, compared to analyst estimates of $6.59 million.

OFS Capital Stock Performance

Shares of OFS traded down $0.42 during midday trading on Friday, reaching $3.59. 144,265 shares of the stock were exchanged, compared to its average volume of 88,662. OFS Capital has a twelve month low of $2.72 and a twelve month high of $6.53. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.33. The company has a market cap of $48.10 million, a P/E ratio of -1.70 and a beta of 0.86. The stock’s 50 day simple moving average is $3.84 and its 200 day simple moving average is $3.81.

OFS Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Friday, December 18th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, December 18th. This represents a $0.68 annualized dividend and a yield of 18.9%. OFS Capital’s dividend payout ratio (DPR) is presently -32.23%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of OFS Capital to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of OFS Capital in a research note on Tuesday, September 1st. Finally, Wall Street Zen raised shares of OFS Capital to a “hold” rating in a report on Saturday, October 10th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $7.00.

About OFS Capital

OFS Capital Corporation (NASDAQ:OFS) is a business development company that provides financing to privately owned U.S. companies. The company primarily invests in lower middle-market businesses, which are generally companies that may have limited access to traditional bank financing or public capital markets.

OFS Capital’s investment activities focus on providing secured loans, subordinated debt and, to a lesser extent, equity investments. Its financing may support acquisitions, recapitalizations, refinancing, growth initiatives and other corporate activities.