OFS Capital (NASDAQ:OFS – Get Free Report) announced its earnings results on Thursday. The investment management company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02), Zacks reports. The business had revenue of $5.94 million during the quarter, compared to the consensus estimate of $6.59 million. OFS Capital had a negative net margin of 62.24% and a positive return on equity of 7.46%.
OFS Capital Trading Up 0.2%
NASDAQ OFS opened at $4.01 on Friday. The company has a market cap of $53.73 million, a price-to-earnings ratio of -2.43 and a beta of 0.86. OFS Capital has a twelve month low of $2.72 and a twelve month high of $7.11. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average is $3.84 and its 200 day moving average is $3.81.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Zacks Research upgraded shares of OFS Capital to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OFS Capital in a report on Tuesday, September 1st. Finally, Wall Street Zen upgraded OFS Capital to a “hold” rating in a research note on Saturday, October 10th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $7.00.
Get Our Latest Analysis on OFS
About OFS Capital
OFS Capital Corporation (NASDAQ:OFS) is a business development company that provides financing to privately owned U.S. companies. The company primarily invests in lower middle-market businesses, which are generally companies that may have limited access to traditional bank financing or public capital markets.
OFS Capital’s investment activities focus on providing secured loans, subordinated debt and, to a lesser extent, equity investments. Its financing may support acquisitions, recapitalizations, refinancing, growth initiatives and other corporate activities.
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