Silver Capital Management LLC increased its stake in OFS Capital Corporation (NASDAQ:OFS) by 39.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,887 shares of the investment management company’s stock after buying an additional 15,750 shares during the period. OFS Capital Corporation comprises 3.2% of Silver Capital Management LLC’s portfolio, making the stock its 8th largest position. Silver Capital Management LLC owned 0.58% of OFS Capital Corporation worth $794,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Confluence Investment Management LLC raised its position in OFS Capital Corporation by 18.5% in the first quarter. Confluence Investment Management LLC now owns 449,963 shares of the investment management company’s stock worth $6,385,000 after buying an additional 70,130 shares during the last quarter. Advisors Asset Management Inc. raised its position in OFS Capital Corporation by 12.7% in the first quarter. Advisors Asset Management Inc. now owns 392,283 shares of the investment management company’s stock worth $5,566,000 after buying an additional 44,090 shares during the last quarter. Western Standard LLC acquired a new position in OFS Capital Corporation during the fourth quarter worth $4,916,000. Punch & Associates Investment Management Inc. raised its position in OFS Capital Corporation by 14.7% in the first quarter. Punch & Associates Investment Management Inc. now owns 209,378 shares of the investment management company’s stock worth $2,971,000 after buying an additional 26,878 shares during the last quarter. Finally, Ares Management LLC raised its position in OFS Capital Corporation by 185.9% in the third quarter. Ares Management LLC now owns 118,357 shares of the investment management company’s stock worth $1,542,000 after buying an additional 76,957 shares during the last quarter. 26.25% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for OFS Capital Corporation (NASDAQ:OFS)

Shares of OFS Capital Corporation (NASDAQ OFS) traded up 1.30% on Friday, reaching $14.07. The company’s stock had a trading volume of 19,947 shares. The firm’s 50 day moving average is $14.19 and its 200-day moving average is $14.20. OFS Capital Corporation has a 52-week low of $12.24 and a 52-week high of $15.24. The stock has a market cap of $187.52 million, a P/E ratio of 8.31 and a beta of 0.46.

OFS Capital Corporation (NASDAQ:OFS) last released its earnings results on Friday, May 5th. The investment management company reported $0.37 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.37. OFS Capital Corporation had a return on equity of 9.63% and a net margin of 52.47%. The business had revenue of $8.03 million during the quarter, compared to the consensus estimate of $8.20 million. On average, equities research analysts forecast that OFS Capital Corporation will post $1.40 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 9.67%. The ex-dividend date is Wednesday, June 14th. OFS Capital Corporation’s dividend payout ratio is currently 80.00%.

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A number of research analysts recently weighed in on OFS shares. Zacks Investment Research raised OFS Capital Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Saturday, March 18th. National Securities reissued a “buy” rating and set a $16.00 target price on shares of OFS Capital Corporation in a report on Tuesday, May 9th. Ladenburg Thalmann Financial Services raised OFS Capital Corporation from a “neutral” rating to a “buy” rating in a report on Monday, March 27th. Finally, Langenberg & Company raised OFS Capital Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Monday, March 27th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $15.00.

About OFS Capital Corporation

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.

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