OFS Capital Corp. (NASDAQ:OFS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

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. “

Separately, National Securities reiterated a “buy” rating and issued a $15.00 price target on shares of OFS Capital Corp. in a research report on Monday, August 8th.

OFS Capital Corp. (NASDAQ:OFS) opened at 13.32 on Wednesday. The stock has a 50 day moving average of $13.63 and a 200 day moving average of $13.32. OFS Capital Corp. has a 1-year low of $9.98 and a 1-year high of $14.25.

OFS Capital Corp. (NASDAQ:OFS) last released its quarterly earnings results on Friday, August 5th. The investment management company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. OFS Capital Corp. had a net margin of 44.30% and a return on equity of 10.67%. On average, equities analysts anticipate that OFS Capital Corp. will post $1.46 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $1.36 dividend on an annualized basis and a yield of 10.21%. OFS Capital Corp.’s payout ratio is currently 91.89%.

A number of institutional investors have recently made changes to their positions in OFS. Hillsdale Investment Management Inc. increased its position in shares of OFS Capital Corp. by 110.7% in the second quarter. Hillsdale Investment Management Inc. now owns 64,700 shares of the investment management company’s stock worth $832,000 after buying an additional 34,000 shares during the last quarter. Eagle Global Advisors LLC increased its position in shares of OFS Capital Corp. by 29.9% in the second quarter. Eagle Global Advisors LLC now owns 51,131 shares of the investment management company’s stock worth $657,000 after buying an additional 11,770 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of OFS Capital Corp. by 3.8% in the second quarter. Janney Montgomery Scott LLC now owns 86,877 shares of the investment management company’s stock worth $997,000 after buying an additional 3,143 shares during the last quarter. Freestone Capital Holdings LLC increased its position in shares of OFS Capital Corp. by 238.9% in the second quarter. Freestone Capital Holdings LLC now owns 138,411 shares of the investment management company’s stock worth $1,779,000 after buying an additional 97,573 shares during the last quarter. Finally, Buckhead Capital Management LLC increased its position in shares of OFS Capital Corp. by 110.7% in the second quarter. Buckhead Capital Management LLC now owns 46,990 shares of the investment management company’s stock worth $604,000 after buying an additional 24,690 shares during the last quarter. Institutional investors own 22.11% of the company’s stock.

OFS Capital Corp. Company Profile

OFS Capital Corporation (OFS Capital) is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to provide its shareholders with both current income and capital appreciation primarily through debt investments and equity investments. It focuses primarily on middle-market companies in the United States, including senior secured loans, including first-lien, second-lien and unitranche loans, as well as subordinated loans, and warrants and other minority equity securities.

5 Day Chart for NASDAQ:OFS

Receive News & Stock Ratings for OFS Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OFS Capital Corp. and related stocks with our FREE daily email newsletter.