OFS Capital (NASDAQ:OFS) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b” rating in a report released on Wednesday.

OFS has been the subject of several other reports. Zacks Investment Research downgraded shares of OFS Capital from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. National Securities reiterated a “buy” rating and set a $15.00 price objective on shares of OFS Capital in a research note on Tuesday, May 8th. Finally, ValuEngine downgraded shares of OFS Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd.

OFS Capital stock opened at $12.30 on Wednesday. OFS Capital has a 52-week low of $10.41 and a 52-week high of $13.59. The firm has a market capitalization of $160.41 million, a PE ratio of 9.61 and a beta of 0.47. The company has a quick ratio of 5.00, a current ratio of 5.00 and a debt-to-equity ratio of 0.85.

OFS Capital (NASDAQ:OFS) last released its quarterly earnings data on Friday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. OFS Capital had a net margin of 37.64% and a return on equity of 9.17%. The company had revenue of $10.28 million during the quarter, compared to analyst estimates of $10.13 million. research analysts anticipate that OFS Capital will post 1.31 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Freestone Capital Holdings LLC increased its stake in OFS Capital by 41.9% during the 1st quarter. Freestone Capital Holdings LLC now owns 233,542 shares of the investment management company’s stock valued at $2,620,000 after buying an additional 68,906 shares during the period. JPMorgan Chase & Co. increased its stake in OFS Capital by 48.5% during the 1st quarter. JPMorgan Chase & Co. now owns 201,187 shares of the investment management company’s stock valued at $2,257,000 after buying an additional 65,746 shares during the period. Mckinley Capital Management LLC Delaware increased its stake in OFS Capital by 47.0% during the 1st quarter. Mckinley Capital Management LLC Delaware now owns 191,802 shares of the investment management company’s stock valued at $2,152,000 after buying an additional 61,302 shares during the period. Trexquant Investment LP acquired a new position in OFS Capital during the 1st quarter valued at about $250,000. Finally, Resource America Inc. increased its stake in OFS Capital by 31.4% during the 1st quarter. Resource America Inc. now owns 84,510 shares of the investment management company’s stock valued at $948,000 after buying an additional 20,175 shares during the period. 21.98% of the stock is currently owned by institutional investors and hedge funds.

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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