OFS Capital Corp (OFS) Given Consensus Recommendation of “Buy” by Analysts
Shares of OFS Capital Corp (NASDAQ:OFS) have earned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $14.67.
OFS has been the topic of a number of recent analyst reports. ValuEngine cut OFS Capital from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Zacks Investment Research cut OFS Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Finally, National Securities lowered their target price on OFS Capital from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, November 6th.
OFS Capital (NASDAQ:OFS) traded down $0.13 during midday trading on Monday, hitting $11.98. The stock had a trading volume of 59,341 shares, compared to its average volume of 54,701. The company has a market cap of $158.04, a PE ratio of 8.71 and a beta of 0.48. OFS Capital has a 12 month low of $11.80 and a 12 month high of $15.23. The company has a quick ratio of 18.38, a current ratio of 18.38 and a debt-to-equity ratio of 0.87.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 11.35%. The ex-dividend date of this dividend is Thursday, December 14th. OFS Capital’s dividend payout ratio is currently 149.45%.
A number of institutional investors have recently made changes to their positions in the stock. Western Standard LLC raised its stake in OFS Capital by 2.9% in the 3rd quarter. Western Standard LLC now owns 502,174 shares of the investment management company’s stock valued at $6,614,000 after acquiring an additional 14,100 shares during the period. Muzinich & Co. Inc. grew its holdings in OFS Capital by 258.1% during the 2nd quarter. Muzinich & Co. Inc. now owns 436,837 shares of the investment management company’s stock valued at $6,251,000 after buying an additional 314,864 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in OFS Capital by 2.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 415,125 shares of the investment management company’s stock valued at $5,467,000 after buying an additional 9,315 shares in the last quarter. Punch & Associates Investment Management Inc. grew its holdings in OFS Capital by 16.9% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 244,750 shares of the investment management company’s stock valued at $3,502,000 after buying an additional 35,372 shares in the last quarter. Finally, Morgan Stanley grew its holdings in OFS Capital by 25.3% during the 1st quarter. Morgan Stanley now owns 157,167 shares of the investment management company’s stock valued at $2,230,000 after buying an additional 31,714 shares in the last quarter. Institutional investors and hedge funds own 28.10% of the company’s stock.
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OFS Capital 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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