OFS Capital Co. Declares Quarterly Dividend of $0.34 (NASDAQ:OFS)

OFS Capital Co. (NASDAQ:OFS) announced a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Friday, March 21st will be given a dividend of 0.34 per share by the investment management company on Monday, March 31st. This represents a $1.36 annualized dividend and a yield of 15.63%. The ex-dividend date is Friday, March 21st.

OFS Capital has raised its dividend payment by an average of 20.3% annually over the last three years.

OFS Capital Stock Up 4.2 %

Shares of OFS stock traded up $0.35 during trading hours on Tuesday, reaching $8.70. The company had a trading volume of 145,712 shares, compared to its average volume of 36,966. The business has a fifty day simple moving average of $8.15 and a 200-day simple moving average of $8.21. OFS Capital has a 12 month low of $7.75 and a 12 month high of $11.50. The company has a market cap of $116.56 million, a price-to-earnings ratio of -96.66 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 posted its quarterly earnings data on Monday, March 3rd. The investment management company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. 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%. On average, research analysts expect that OFS Capital will post 1.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OFS Capital

An institutional investor recently raised its position in OFS Capital stock. Bank of America Corp DE increased its holdings in OFS Capital Co. (NASDAQ:OFS) by 245.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,079 shares of the investment management company’s stock after acquiring an additional 5,029 shares during the period. Bank of America Corp DE owned about 0.05% of OFS Capital worth $57,000 at the end of the most recent quarter. 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.