Somewhat Favorable News Coverage Somewhat Unlikely to Impact OFS Capital (OFS) Share Price
Media stories about OFS Capital (NASDAQ:OFS) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. OFS Capital earned a news sentiment score of 0.02 on Accern’s scale. Accern also assigned news stories about the investment management company an impact score of 45.2761457005576 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
OFS has been the topic of several research reports. ValuEngine lowered OFS Capital from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Zacks Investment Research lowered OFS Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Finally, National Securities lowered their target price on OFS Capital from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $14.67.
Shares of OFS Capital (NASDAQ OFS) opened at $11.87 on Thursday. The stock has a market capitalization of $159.62, a price-to-earnings ratio of 8.61 and a beta of 0.44. The company has a debt-to-equity ratio of 0.87, a current ratio of 18.38 and a quick ratio of 18.38. OFS Capital has a one year low of $11.80 and a one year high of $15.23.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.46%. OFS Capital’s payout ratio is 147.83%.
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About OFS Capital
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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