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

OFS Capital Corporation (NASDAQ:OFS)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.47 and traded as low as $7.19. OFS Capital shares last traded at $7.19, with a volume of 55,444 shares changing hands.

Analyst Ratings Changes

Several equities analysts have weighed in on OFS shares. Weiss Ratings reissued a “hold (c)” rating on shares of OFS Capital in a research note on Wednesday. Wall Street Zen lowered OFS Capital from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, OFS Capital currently has a consensus rating of “Hold”.

OFS Capital Trading Down 1.0%

The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $8.24 and a 200 day moving average price of $8.47.

OFS Capital (NASDAQ:OFS) last released its quarterly earnings results on Thursday, July 31st. The investment management company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $10.48 million for the quarter, compared to analyst estimates of $10.00 million. OFS Capital had a return on equity of 9.16% and a net margin of 23.64%. Research analysts anticipate that OFS Capital Corporation will post 1.17 earnings per share for the current fiscal year.

OFS Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were issued a dividend of $0.34 per share. The ex-dividend date was Friday, September 19th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 18.9%. OFS Capital’s dividend payout ratio (DPR) is presently 178.95%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. NBC Securities Inc. grew its holdings in shares of OFS Capital by 130,533.3% during the first quarter. NBC Securities Inc. now owns 3,919 shares of the investment management company’s stock worth $36,000 after buying an additional 3,916 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in OFS Capital by 22.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,061 shares of the investment management company’s stock valued at $558,000 after purchasing an additional 10,995 shares in the last quarter. Fort Sheridan Advisors LLC bought a new position in OFS Capital in the first quarter valued at approximately $100,000. International Assets Investment Management LLC grew its stake in OFS Capital by 3.0% in the first quarter. International Assets Investment Management LLC now owns 143,597 shares of the investment management company’s stock valued at $1,334,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in OFS Capital by 245.3% in the fourth quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company’s stock valued at $57,000 after purchasing an additional 5,029 shares in the last quarter. 10.81% of the stock is currently owned by institutional investors.

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 provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.