OFS Capital Co. (NASDAQ:OFS) Short Interest Down 29.9% in March

OFS Capital Co. (NASDAQ:OFS) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 26,500 shares, a drop of 29.9% from the February 29th total of 37,800 shares. Based on an average trading volume of 49,900 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. UBS Group AG boosted its position in OFS Capital by 59.3% in the second quarter. UBS Group AG now owns 3,489 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,299 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of OFS Capital by 40.8% in the second quarter. Wells Fargo & Company MN now owns 4,365 shares of the investment management company’s stock valued at $43,000 after buying an additional 1,264 shares during the period. NBC Securities Inc. bought a new stake in shares of OFS Capital in the third quarter valued at $81,000. Advisor Group Holdings Inc. raised its stake in shares of OFS Capital by 122.4% in the first quarter. Advisor Group Holdings Inc. now owns 8,405 shares of the investment management company’s stock valued at $110,000 after buying an additional 4,625 shares during the period. Finally, Susquehanna International Group LLP raised its stake in shares of OFS Capital by 204.2% in the first quarter. Susquehanna International Group LLP now owns 11,568 shares of the investment management company’s stock valued at $119,000 after buying an additional 22,668 shares during the period. Hedge funds and other institutional investors own 10.81% of the company’s stock.

OFS Capital Stock Up 1.5 %

Shares of NASDAQ OFS traded up $0.15 during midday trading on Friday, hitting $9.93. 74,588 shares of the stock traded hands, compared to its average volume of 70,790. The company has a market cap of $133.04 million, a PE ratio of -248.25 and a beta of 1.76. OFS Capital has a one year low of $9.10 and a one year high of $12.44. The business has a 50 day moving average price of $11.01 and a two-hundred day moving average price of $10.99. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.26 and a current ratio of 0.26.

OFS Capital (NASDAQ:OFS) last announced its earnings results on Tuesday, March 5th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). The company had revenue of $13.48 million for the quarter, compared to analysts’ expectations of $14.53 million. OFS Capital had a negative net margin of 0.82% and a positive return on equity of 11.76%. During the same period in the previous year, the firm earned $0.35 EPS. On average, equities analysts predict that OFS Capital will post 1.34 EPS for the current year.

OFS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 18th were given a dividend of $0.34 per share. The ex-dividend date was Friday, March 15th. This represents a $1.36 annualized dividend and a dividend yield of 13.70%. OFS Capital’s payout ratio is -3,400.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded OFS Capital from a “sell” rating to a “hold” rating in a report on Thursday, March 14th.

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.