According to Zacks, “OFS Capital Corporation is a closed-end, non-diversified management investment company. It is engaged in providing capital to North American middle market companies. Its investment objective is to provide its stockholders with both current income and capital appreciation primarily through debt investments and equity investments in asset classes including senior secured, unitranche, second-lien and mezzanine loans. “
OFS has been the topic of several other reports. National Securities reaffirmed a buy rating and set a $15.00 price target on shares of OFS Capital in a report on Monday, May 6th. LADENBURG THALM/SH SH lowered shares of OFS Capital from a buy rating to a neutral rating in a report on Monday, May 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $14.50.
OFS Capital (NASDAQ:OFS) last issued its quarterly earnings data on Friday, May 3rd. The investment management company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. OFS Capital had a net margin of 21.25% and a return on equity of 10.84%. The business had revenue of $12.35 million during the quarter, compared to analysts’ expectations of $11.69 million. As a group, equities research analysts expect that OFS Capital will post 1.42 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 21st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 11.04%. The ex-dividend date is Thursday, June 20th. OFS Capital’s dividend payout ratio (DPR) is presently 98.55%.
Several institutional investors have recently made changes to their positions in the stock. Sigma Planning Corp grew its holdings in OFS Capital by 5.7% during the 1st quarter. Sigma Planning Corp now owns 21,644 shares of the investment management company’s stock worth $254,000 after acquiring an additional 1,172 shares during the last quarter. Macquarie Group Ltd. grew its holdings in OFS Capital by 279.1% during the 4th quarter. Macquarie Group Ltd. now owns 4,723 shares of the investment management company’s stock worth $50,000 after acquiring an additional 3,477 shares during the last quarter. Wells Fargo & Company MN grew its holdings in OFS Capital by 36.2% during the 1st quarter. Wells Fargo & Company MN now owns 19,190 shares of the investment management company’s stock worth $225,000 after acquiring an additional 5,097 shares during the last quarter. Advantage Investment Management LLC grew its holdings in OFS Capital by 37.7% during the 1st quarter. Advantage Investment Management LLC now owns 22,749 shares of the investment management company’s stock worth $267,000 after acquiring an additional 6,229 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in OFS Capital during the 4th quarter worth approximately $114,000. 22.08% 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 does not invest in operational turnarounds or start-up businesses. For direct, it specializes in debt and structured equity investments, recapitalizations and refinancing, management and leveraged buyouts, acquisition financings, shareholder liquidity events, growth capital, independent sponsor transactions, ESOPs, and minority investments in the lower middle market companies.
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