OFS Capital Co. (NASDAQ:OFS) Short Interest Up 17.1% in February

OFS Capital Co. (NASDAQ:OFS) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 46,500 shares, a growth of 17.1% from the February 13th total of 39,700 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 55,700 shares, the days-to-cover ratio is presently 0.8 days.

OFS Capital Trading Up 1.3 %

Shares of OFS traded up $0.12 during mid-day trading on Wednesday, reaching $9.63. The company’s stock had a trading volume of 121,773 shares, compared to its average volume of 54,849. The company has a current ratio of 0.12, a quick 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 $10.14. The company’s fifty day moving average price is $8.38 and its two-hundred day moving average price is $8.29. The stock has a market cap of $129.04 million, a PE ratio of -106.99 and a beta of 1.76.

OFS Capital (NASDAQ:OFS) last posted its quarterly earnings results on Monday, March 3rd. The investment management company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. The business 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%. On average, analysts predict that OFS Capital will post 1.17 earnings per share for the current fiscal year.

OFS Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.36 annualized dividend and a yield of 14.12%. OFS Capital’s payout ratio is 64.15%.

Institutional Trading of OFS Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bulldog Investors LLP purchased a new position in shares of OFS Capital in the fourth quarter worth $916,000. Two Sigma Advisers LP grew its holdings in OFS Capital by 16.3% in the 4th quarter. Two Sigma Advisers LP now owns 199,200 shares of the investment management company’s stock worth $1,608,000 after acquiring an additional 27,900 shares during the last quarter. Trexquant Investment LP increased its position in shares of OFS Capital by 36.8% in the fourth quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company’s stock valued at $490,000 after acquiring an additional 16,327 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of OFS Capital by 44.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company’s stock valued at $396,000 after acquiring an additional 15,109 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of OFS Capital during the third quarter worth about $115,000. Institutional investors own 10.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut OFS Capital from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 13th.

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.