OFS Capital (NASDAQ:OFS) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

OFS Capital Co. (NASDAQ:OFS) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.24 and traded as low as $7.92. OFS Capital shares last traded at $8.13, with a volume of 56,524 shares.

OFS Capital Price Performance

The firm has a 50-day simple moving average of $8.20 and a 200-day simple moving average of $8.24. The firm has a market capitalization of $108.94 million, a PE ratio of -90.32 and a beta of 1.75. 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 released its quarterly earnings results on Thursday, October 31st. The investment management company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. The business had revenue of $10.92 million for the quarter, compared to the consensus estimate of $10.97 million. During the same period last year, the firm earned $0.40 earnings per share. As a group, equities analysts forecast that OFS Capital Co. will post 1.17 earnings per share for the current year.

Institutional Trading of OFS Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its position in shares of OFS Capital by 783.4% during the 3rd quarter. International Assets Investment Management LLC now owns 1,180,017 shares of the investment management company’s stock valued at $9,971,000 after buying an additional 1,046,440 shares in the last quarter. Jane Street Group LLC purchased a new position in OFS Capital during the third quarter valued at approximately $115,000. Sanctuary Advisors LLC bought a new position in shares of OFS Capital in the second quarter worth approximately $114,000. Finally, Arkadios Wealth Advisors increased its stake in shares of OFS Capital by 7.7% in the fourth quarter. Arkadios Wealth Advisors now owns 88,293 shares of the investment management company’s stock worth $713,000 after purchasing an additional 6,332 shares in the last quarter. Hedge funds and other institutional investors own 10.81% of the company’s stock.

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.