GSA Capital Partners LLP purchased a new stake in OFS Capital Corp. (NASDAQ:OFS) during the second quarter, Holdings Channel reports. The firm purchased 17,300 shares of the investment management company’s stock, valued at approximately $222,000.
Several other institutional investors have also recently added to or reduced their stakes in OFS. Acadian Asset Management LLC raised its position in shares of OFS Capital Corp. by 2,358.0% in the second quarter. Acadian Asset Management LLC now owns 217,435 shares of the investment management company’s stock worth $2,793,000 after buying an additional 208,589 shares in the last quarter. Punch & Associates Investment Management Inc. raised its position in shares of OFS Capital Corp. by 426.1% in the second quarter. Punch & Associates Investment Management Inc. now owns 63,705 shares of the investment management company’s stock worth $819,000 after buying an additional 51,595 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in OFS Capital Corp. during the first quarter valued at $332,000. DIAM Co. Ltd. acquired a new position in OFS Capital Corp. during the second quarter valued at $128,000. Finally, Acrospire Investment Management LLC acquired a new position in OFS Capital Corp. during the first quarter valued at $109,000. Institutional investors and hedge funds own 22.11% of the company’s stock.
OFS Capital Corp. (NASDAQ:OFS) traded down 0.91% during trading on Friday, hitting $13.03. 52,768 shares of the stock traded hands. OFS Capital Corp. has a 52 week low of $9.98 and a 52 week high of $14.25. The firm’s 50-day moving average is $13.66 and its 200 day moving average is $13.25.
OFS Capital Corp. (NASDAQ:OFS) last issued its quarterly earnings data on Friday, August 5th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. OFS Capital Corp. had a return on equity of 10.67% and a net margin of 44.30%. On average, equities analysts forecast that OFS Capital Corp. will post $1.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, September 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.44%. OFS Capital Corp.’s payout ratio is presently 91.89%.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of OFS Capital Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th. National Securities restated a “buy” rating and set a $15.00 price objective on shares of OFS Capital Corp. in a research report on Monday, August 8th.
About OFS Capital Corp.
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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