OFS Capital (NASDAQ:OFS) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

OFS Capital Corporation (NASDAQ:OFS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.15 and traded as low as $3.60. OFS Capital shares last traded at $3.79, with a volume of 47,908 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently commented on OFS shares. Wall Street Zen raised OFS Capital from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings reissued a “sell (d)” rating on shares of OFS Capital in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $7.00.

OFS Capital Trading Up 4.7%

The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.49. The company has a fifty day simple moving average of $3.67 and a 200-day simple moving average of $4.15. The company has a market capitalization of $50.79 million, a PE ratio of -1.36 and a beta of 0.86.

OFS Capital (NASDAQ:OFS) last issued its earnings results on Thursday, April 30th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.03). The company had revenue of $2.56 million during the quarter, compared to analysts’ expectations of $9.45 million. OFS Capital had a negative net margin of 95.15% and a positive return on equity of 8.74%.

OFS Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Friday, June 19th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 17.9%. The ex-dividend date is Thursday, June 18th. OFS Capital’s dividend payout ratio is presently -24.37%.

Institutional Trading of OFS Capital

Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in OFS Capital by 53.3% in the 4th quarter. Royal Bank of Canada now owns 11,500 shares of the investment management company’s stock valued at $55,000 after buying an additional 4,000 shares in the last quarter. Bank of America Corp DE grew its holdings in OFS Capital by 245.3% in the 4th quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company’s stock valued at $57,000 after buying an additional 5,029 shares in the last quarter. Two Sigma Investments LP grew its holdings in OFS Capital by 5.8% in the 3rd quarter. Two Sigma Investments LP now owns 120,908 shares of the investment management company’s stock valued at $930,000 after buying an additional 6,636 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of OFS Capital during the 4th quarter worth $66,000. Finally, Virtus Investment Advisers LLC grew its holdings in shares of OFS Capital by 24.0% during the 4th quarter. Virtus Investment Advisers LLC now owns 82,221 shares of the investment management company’s stock worth $391,000 after purchasing an additional 15,935 shares during the period. 10.81% of the stock is currently owned by hedge funds and other 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.