OFS Capital Corporation (OFS) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
OFS Capital Corporation (NASDAQ:OFS) issued its quarterly earnings data on Friday. The investment management company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02, Bloomberg Earnings reports. OFS Capital Corporation had a return on equity of 9.43% and a net margin of 31.02%.
Shares of OFS Capital Corporation (NASDAQ OFS) opened at $12.76 on Friday. The company has a quick ratio of 14.51, a current ratio of 14.51 and a debt-to-equity ratio of 0.80. The firm has a market cap of $169.45 million, a price-to-earnings ratio of 9.08 and a beta of 0.47.
Several analysts have recently issued reports on OFS shares. Zacks Investment Research raised OFS Capital Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. National Securities reaffirmed a “buy” rating and set a $16.00 price objective on shares of OFS Capital Corporation in a report on Tuesday, July 25th. Finally, Robert W. Baird cut OFS Capital Corporation from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $16.00 to $13.00 in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. OFS Capital Corporation presently has a consensus rating of “Hold” and a consensus target price of $14.25.
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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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