OFS Capital (NASDAQ:OFS) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

OFS Capital Corporation (NASDAQ:OFS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.80 and traded as low as $5.01. OFS Capital shares last traded at $5.08, with a volume of 30,944 shares.

Analyst Ratings Changes

Several analysts recently commented on OFS shares. Capital One Financial set a $7.00 target price on OFS Capital in a research report on Tuesday, November 4th. Wall Street Zen raised OFS Capital from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Loop Capital set a $7.00 price target on OFS Capital in a report on Tuesday, November 4th. Weiss Ratings downgraded shares of OFS Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, January 7th. Finally, Noble Financial started coverage on shares of OFS Capital in a research report on Tuesday, November 4th. They issued a “neutral” rating for the company. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, OFS Capital currently has an average rating of “Reduce” and an average target price of $7.00.

OFS Capital Trading Down 0.6%

The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average of $4.92 and a 200-day moving average of $6.78.

OFS Capital (NASDAQ:OFS) last posted its quarterly earnings data on Thursday, October 30th. The investment management company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The business had revenue of $10.55 million for the quarter, compared to the consensus estimate of $9.80 million. OFS Capital had a net margin of 7.52% and a return on equity of 8.95%. Sell-side analysts anticipate that OFS Capital Corporation will post 1.17 earnings per share for the current fiscal year.

OFS Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 19th were given a $0.17 dividend. The ex-dividend date was Friday, December 19th. This represents a $0.68 annualized dividend and a yield of 13.5%. OFS Capital’s payout ratio is 283.33%.

Institutional Investors Weigh In On OFS Capital

Large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of OFS Capital by 245.3% during the fourth quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company’s stock worth $57,000 after purchasing an additional 5,029 shares during the period. Ritholtz Wealth Management purchased a new position in OFS Capital in the 2nd quarter worth about $347,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in OFS Capital by 5.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,166 shares of the investment management company’s stock worth $533,000 after buying an additional 3,105 shares during the period. Two Sigma Investments LP raised its holdings in OFS Capital by 5.8% during the 3rd quarter. Two Sigma Investments LP now owns 120,908 shares of the investment management company’s stock worth $930,000 after buying an additional 6,636 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in OFS Capital by 16.9% during the third quarter. International Assets Investment Management LLC now owns 168,003 shares of the investment management company’s stock valued at $1,418,000 after buying an additional 24,264 shares in the last quarter. 10.81% of the stock is owned by institutional investors.

OFS Capital Company Profile

OFS Capital Corporation (NASDAQ: OFS) is a business development company (BDC) that provides customized debt and equity financing solutions to U.S. middle-market companies. As an externally managed BDC, OFS Capital focuses on sponsoring capital structures that support growth initiatives, recapitalizations, acquisitions and other strategic transactions. The firm targets companies that demonstrate strong cash flow potential and scalable business models across a range of industries.

The company’s investment portfolio typically includes senior secured loans, unitranche facilities, mezzanine debt and equity co-investments.