OFS Capital (NASDAQ:OFS) Posts Earnings Results, Misses Estimates By $0.02 EPS
OFS Capital (NASDAQ:OFS) posted its quarterly earnings results on Friday. The investment management company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02), MarketWatch Earnings reports. OFS Capital had a positive return on equity of 11.40% and a negative net margin of 49.65%. The business had revenue of $10.98 million during the quarter, compared to analysts’ expectations of $12.04 million.
NASDAQ:OFS traded up $0.23 during trading hours on Friday, reaching $4.27. The stock had a trading volume of 250,608 shares, compared to its average volume of 44,892. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.05 and a current ratio of 0.05. OFS Capital has a 52 week low of $3.39 and a 52 week high of $12.09. The company has a 50 day moving average price of $4.56 and a two-hundred day moving average price of $6.64. The stock has a market capitalization of $57.19 million, a PE ratio of 3.59 and a beta of 1.33.
A number of research analysts recently commented on the company. Zacks Investment Research raised OFS Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. TheStreet cut OFS Capital from a “c” rating to a “d” rating in a report on Friday, May 22nd. Finally, ValuEngine raised OFS Capital from a “strong sell” rating to a “sell” rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $10.33.
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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