OFS Capital Corp (NASDAQ:OFS) Short Interest Up 40.6% in August
OFS Capital Corp (NASDAQ:OFS) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 25,300 shares, a growth of 40.6% from the July 31st total of 18,000 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 43,900 shares, the short-interest ratio is presently 0.6 days.
NASDAQ:OFS traded up $0.05 during trading hours on Friday, hitting $11.67. 64,300 shares of the company were exchanged, compared to its average volume of 47,724. The stock has a market capitalization of $153.31 million, a price-to-earnings ratio of 8.46 and a beta of 0.63. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.32. OFS Capital has a one year low of $9.53 and a one year high of $12.81. The company has a fifty day simple moving average of $11.27 and a 200 day simple moving average of $11.93.
OFS Capital (NASDAQ:OFS) last announced its earnings results on Friday, August 2nd. The investment management company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The business had revenue of $12.90 million during the quarter, compared to analyst estimates of $12.40 million. OFS Capital had a return on equity of 11.16% and a net margin of 16.74%. Equities research analysts predict that OFS Capital will post 1.44 earnings per share for the current fiscal year.
OFS has been the subject of a number of research reports. Zacks Investment Research cut OFS Capital from a “buy” rating to a “sell” rating in a research note on Friday, May 17th. LADENBURG THALM/SH SH upgraded OFS Capital from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Monday, August 5th. Finally, ValuEngine lowered OFS Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating and two have given a buy rating to the stock. OFS Capital has an average rating of “Hold” and a consensus price target of $13.67.
A number of large investors have recently made changes to their positions in OFS. Tower Research Capital LLC TRC grew its holdings in OFS Capital by 3,350.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,277 shares of the investment management company’s stock worth $28,000 after acquiring an additional 2,211 shares during the period. Virtus ETF Advisers LLC acquired a new stake in OFS Capital during the 2nd quarter worth about $1,843,000. Acadian Asset Management LLC grew its holdings in OFS Capital by 15.3% during the 2nd quarter. Acadian Asset Management LLC now owns 15,804 shares of the investment management company’s stock worth $189,000 after acquiring an additional 2,100 shares during the period. BB&T Securities LLC grew its holdings in OFS Capital by 9.3% during the 2nd quarter. BB&T Securities LLC now owns 443,496 shares of the investment management company’s stock worth $5,321,000 after acquiring an additional 37,916 shares during the period. Finally, Mckinley Capital Management LLC Delaware grew its holdings in OFS Capital by 3.8% during the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 97,155 shares of the investment management company’s stock worth $1,166,000 after acquiring an additional 3,556 shares during the period. 19.96% of the stock is owned by institutional investors and hedge funds.
About OFS Capital
OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It does not invest in operational turnarounds or start-up businesses. For direct, it specializes in debt and structured equity investments, recapitalizations and refinancing, management and leveraged buyouts, acquisition financings, shareholder liquidity events, growth capital, independent sponsor transactions, ESOPs, and minority investments in the lower middle market companies.
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