OFS Capital (NASDAQ:OFS) Raised to Hold at Zacks Research

OFS Capital (NASDAQ:OFS) was upgraded by stock analysts at Zacks Research to a “hold” rating in a report issued on Monday, Zacks reports.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of OFS Capital in a research report on Tuesday, September 1st. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, OFS Capital currently has a consensus rating of “Reduce” and a consensus target price of $7.00.

OFS Capital Stock Performance

Shares of OFS opened at $4.16 on Monday. The company has a 50-day simple moving average of $3.69 and a two-hundred day simple moving average of $3.62. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $55.74 million, a PE ratio of -2.52 and a beta of 0.86. OFS Capital has a one year low of $2.72 and a one year high of $7.65.

OFS Capital (NASDAQ:OFS) last posted its earnings results on Thursday, July 30th. The investment management company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). OFS Capital had a positive return on equity of 7.46% and a negative net margin of 62.24%.The firm had revenue of $6.84 million for the quarter, compared to analysts’ expectations of $7.87 million. On average, analysts anticipate that OFS Capital will post 0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OFS Capital stock. Sanctuary Advisors LLC acquired a new position in OFS Capital Corporation (NASDAQ:OFS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,102 shares of the investment management company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned about 0.09% of OFS Capital as of its most recent SEC filing. Institutional investors and hedge funds own 10.81% of the company’s stock.

About OFS Capital

OFS Capital Corporation (NASDAQ:OFS) is a business development company that invests in privately held, primarily U.S.-based middle-market companies. The company seeks to provide financing to businesses that may have limited access to traditional sources of capital.

OFS Capital primarily invests in senior secured loans, subordinated debt and, to a lesser extent, equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses with experienced management teams and recurring cash flows.

OFS Capital is externally managed by OFS Capital Management, LLC, an affiliate of Orchard First Source Capital, Inc The company operates as a regulated investment company and has elected to be treated as a business development company under the Investment Company Act of 1940.