OFS Capital Co. (NASDAQ:OFS) Sees Large Decline in Short Interest

OFS Capital Co. (NASDAQ:OFS) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 39,700 shares, a decrease of 35.6% from the January 31st total of 61,600 shares. Based on an average daily trading volume, of 49,800 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the company’s stock are sold short.

OFS Capital Stock Up 4.2 %

Shares of OFS stock traded up $0.35 during mid-day trading on Tuesday, hitting $8.70. 145,712 shares of the stock traded hands, compared to its average volume of 36,971. The stock has a market cap of $116.56 million, a P/E ratio of -96.66 and a beta of 1.75. The stock’s fifty day moving average is $8.15 and its two-hundred day moving average is $8.21. OFS Capital has a 52-week low of $7.75 and a 52-week high of $11.50. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.12 and a quick ratio of 0.12.

OFS Capital (NASDAQ:OFS) last announced its quarterly earnings data on Monday, March 3rd. The investment management company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The firm had revenue of $11.65 million during the quarter, compared to analyst estimates of $10.30 million. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. Equities analysts predict that OFS Capital will post 1.17 EPS for the current year.

OFS Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 15.63%. The ex-dividend date of this dividend is Friday, March 21st. OFS Capital’s payout ratio is currently -1,511.11%.

Hedge Funds Weigh In On OFS Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in OFS Capital by 245.3% in the 4th quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company’s stock worth $57,000 after buying an additional 5,029 shares during the period. Jane Street Group LLC acquired a new position in OFS Capital in the 3rd quarter worth approximately $115,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in OFS Capital by 44.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company’s stock worth $396,000 after buying an additional 15,109 shares during the period. Trexquant Investment LP increased its holdings in OFS Capital by 36.8% in the 4th quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company’s stock worth $490,000 after buying an additional 16,327 shares during the period. Finally, Virtus ETF Advisers LLC increased its holdings in OFS Capital by 15.8% in the 4th quarter. Virtus ETF Advisers LLC now owns 64,344 shares of the investment management company’s stock worth $519,000 after buying an additional 8,784 shares during the period. 10.81% of the stock is owned by hedge funds and other institutional investors.

About OFS Capital

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.