OFS Capital (NASDAQ:OFS – Get Free Report) released its quarterly earnings results on Thursday. The investment management company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.28, FiscalAI reports. OFS Capital had a negative net margin of 95.15% and a positive return on equity of 8.74%. The company had revenue of $10.95 million for the quarter, compared to the consensus estimate of $7.87 million.
OFS Capital Trading Down 4.6%
Shares of NASDAQ:OFS traded down $0.16 during trading hours on Thursday, hitting $3.29. 136,618 shares of the company’s stock traded hands, compared to its average volume of 39,301. The firm has a market capitalization of $44.09 million, a P/E ratio of -1.18 and a beta of 0.84. The business has a fifty day moving average price of $3.53 and a 200-day moving average price of $3.83. OFS Capital has a 1 year low of $2.72 and a 1 year high of $8.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.04 and a quick ratio of 0.04.
Institutional Investors Weigh In On OFS Capital
A number of institutional investors and hedge funds have recently modified their holdings of OFS. Two Sigma Investments LP boosted its holdings in 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 valued at $930,000 after acquiring an additional 6,636 shares during the period. Virtus Investment Advisers LLC increased its stake in OFS Capital by 24.0% in the fourth 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. Marshall Wace LLP bought a new stake in shares of OFS Capital during the fourth quarter worth $377,000. Squarepoint Ops LLC bought a new stake in shares of OFS Capital during the fourth quarter worth $202,000. Finally, Jane Street Group LLC purchased a new stake in shares of OFS Capital during the fourth quarter valued at $66,000. 10.81% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Read Our Latest Stock Report on OFS Capital
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.
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