OFS Capital (NASDAQ:OFS) Posts Quarterly Earnings Results

OFS Capital (NASDAQ:OFS) posted its quarterly earnings results on Monday. The investment management company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05, Zacks reports. The firm had revenue of $11.65 million for the quarter, compared to the consensus estimate of $10.30 million. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%.

OFS Capital Stock Up 4.2 %

Shares of NASDAQ OFS opened at $8.70 on Wednesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.55. OFS Capital has a 52 week low of $7.75 and a 52 week high of $11.50. The firm’s fifty day moving average is $8.15 and its 200 day moving average is $8.21. The company has a market cap of $116.56 million, a price-to-earnings ratio of -96.66 and a beta of 1.75.

OFS Capital Dividend Announcement

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in OFS Capital stock. Bank of America Corp DE increased its position in OFS Capital Co. (NASDAQ:OFS) by 245.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,079 shares of the investment management company’s stock after buying an additional 5,029 shares during the quarter. Bank of America Corp DE owned 0.05% of OFS Capital worth $57,000 as of its most recent filing with the Securities & Exchange Commission. 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.