OFS Capital (NASDAQ:OFS) Releases Quarterly Earnings Results, Misses Estimates By $1.04 EPS

OFS Capital (NASDAQ:OFS) announced its quarterly earnings results on Monday. The investment management company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($1.04), FiscalAI reports. OFS Capital had a net margin of 7.52% and a return on equity of 8.95%. The company had revenue of $4.58 million during the quarter, compared to the consensus estimate of $10.50 million.

OFS Capital Price Performance

Shares of NASDAQ:OFS remained flat at $4.20 during mid-day trading on Monday. The company had a trading volume of 42,982 shares, compared to its average volume of 77,392. The business’s 50 day moving average price is $4.61 and its 200 day moving average price is $6.04. OFS Capital has a fifty-two week low of $3.98 and a fifty-two week high of $9.80. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.04 and a current ratio of 0.04.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OFS shares. Noble Financial initiated coverage on shares of OFS Capital in a report on Tuesday, November 4th. They issued a “neutral” rating on the stock. Capital One Financial set a $7.00 price objective on OFS Capital in a research note on Tuesday, November 4th. Weiss Ratings cut OFS Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, January 7th. Loop Capital set a $7.00 price target on OFS Capital in a research report on Tuesday, November 4th. Finally, Wall Street Zen upgraded OFS Capital from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $7.00.

Institutional Trading of OFS Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in OFS Capital by 53.3% during the fourth quarter. Royal Bank of Canada now owns 11,500 shares of the investment management company’s stock worth $55,000 after purchasing an additional 4,000 shares during the last quarter. Bank of America Corp DE increased its stake 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 during the last quarter. Two Sigma Investments LP boosted its stake in shares of OFS Capital by 5.8% during the 3rd quarter. Two Sigma Investments LP now owns 120,908 shares of the investment management company’s stock worth $930,000 after buying an additional 6,636 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of OFS Capital during the 4th quarter worth about $66,000. Finally, Virtus Investment Advisers LLC grew its holdings in shares of OFS Capital by 24.0% in the 4th quarter. Virtus Investment Advisers LLC now owns 82,221 shares of the investment management company’s stock valued at $391,000 after acquiring an additional 15,935 shares in the last quarter. 10.81% of the stock is currently owned by institutional investors and hedge funds.

About OFS Capital

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.