ValuEngine cut shares of OFS Capital (NASDAQ:OFS) from a hold rating to a sell rating in a report issued on Saturday.

Several other equities analysts have also issued reports on OFS. Zacks Investment Research raised OFS Capital from a hold rating to a buy rating and set a $13.00 price target for the company in a research report on Tuesday, July 10th. TheStreet downgraded OFS Capital from a b- rating to a c rating in a report on Tuesday, July 10th. Finally, National Securities reiterated a buy rating and issued a $15.00 price objective on shares of OFS Capital in a report on Tuesday, August 7th.

OFS opened at $12.29 on Friday. The company has a quick ratio of 5.00, a current ratio of 5.00 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $160.21 million, a PE ratio of 9.62 and a beta of 0.50. OFS Capital has a 1 year low of $10.41 and a 1 year high of $13.24.

OFS Capital (NASDAQ:OFS) last posted its quarterly earnings results on Friday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $10.28 million during the quarter, compared to analyst estimates of $10.13 million. OFS Capital had a return on equity of 9.17% and a net margin of 37.64%. sell-side analysts forecast that OFS Capital will post 1.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.36 annualized dividend and a yield of 11.07%. OFS Capital’s payout ratio is 106.25%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Freestone Capital Holdings LLC increased its holdings in OFS Capital by 41.9% in the 1st quarter. Freestone Capital Holdings LLC now owns 233,542 shares of the investment management company’s stock worth $2,620,000 after buying an additional 68,906 shares in the last quarter. UBS Group AG increased its holdings in OFS Capital by 6.0% in the 1st quarter. UBS Group AG now owns 302,083 shares of the investment management company’s stock worth $3,390,000 after buying an additional 16,989 shares in the last quarter. Punch & Associates Investment Management Inc. increased its holdings in OFS Capital by 1.9% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 255,753 shares of the investment management company’s stock worth $2,870,000 after buying an additional 4,775 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in OFS Capital by 48.5% in the 1st quarter. JPMorgan Chase & Co. now owns 201,187 shares of the investment management company’s stock worth $2,257,000 after buying an additional 65,746 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in OFS Capital in the 1st quarter worth about $250,000. Institutional investors own 24.50% of the company’s stock.

OFS Capital Company Profile

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It does not invest in operational turnarounds or start-up businesses. For direct, it specializes in debt and structured equity investments, recapitalizations and refinancing, management and leveraged buyouts, acquisition financings, shareholder liquidity events, growth capital, independent sponsor transactions, ESOPs, and minority investments in the lower middle market companies.

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