ValuEngine upgraded shares of OFS Capital (NASDAQ:OFS) from a sell rating to a hold rating in a report published on Wednesday morning.

Several other research analysts have also recently issued reports on OFS. National Securities reaffirmed a buy rating and set a $15.00 price objective on shares of OFS Capital in a research report on Tuesday, August 7th. TheStreet raised OFS Capital from a c rating to a b rating in a research report on Wednesday, August 29th. Finally, Zacks Investment Research cut OFS Capital from a buy rating to a hold rating in a research report on Tuesday, October 9th.

Shares of OFS stock opened at $11.20 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market cap of $149.55 million, a P/E ratio of 8.75 and a beta of 0.67. OFS Capital has a twelve month low of $10.41 and a twelve month high of $12.75.

OFS Capital (NASDAQ:OFS) last issued its quarterly earnings results on Friday, November 2nd. The investment management company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. OFS Capital had a return on equity of 9.16% and a net margin of 46.21%. The firm had revenue of $10.98 million for the quarter, compared to analyst estimates of $10.40 million. As a group, equities analysts predict that OFS Capital will post 1.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 12.14%. The ex-dividend date is Friday, December 14th. OFS Capital’s payout ratio is 106.25%.

A hedge fund recently bought a new stake in OFS Capital stock. Wedge Capital Management L L P NC bought a new stake in OFS Capital Corp (NASDAQ:OFS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 62,554 shares of the investment management company’s stock, valued at approximately $744,000. Wedge Capital Management L L P NC owned about 0.47% of OFS Capital at the end of the most recent quarter. Institutional investors and hedge funds own 24.76% 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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