OFS Capital Co. (NASDAQ:OFS) Sees Significant Increase in Short Interest

OFS Capital Co. (NASDAQ:OFS) saw 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 company’s stock are sold short. Based on an average trading volume of 55,700 shares, the short-interest ratio is presently 0.8 days.

OFS Capital Stock Performance

OFS Capital stock traded down $0.03 during midday trading on Thursday, reaching $9.61. 119,901 shares of the company’s stock were exchanged, compared to its average volume of 55,080. OFS Capital has a 52 week low of $7.75 and a 52 week high of $10.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market cap of $128.71 million, a price-to-earnings ratio of -106.71 and a beta of 1.76. The stock’s 50-day simple moving average is $8.41 and its 200 day simple moving average is $8.30.

OFS Capital (NASDAQ:OFS) last posted its quarterly earnings results on Monday, March 3rd. The investment management company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. OFS Capital had a positive return on equity of 11.26% and a negative net margin of 2.29%. The business had revenue of $11.65 million during the quarter, compared to analysts’ expectations of $10.30 million. On average, analysts expect that OFS Capital will post 1.17 earnings per share for the current fiscal year.

OFS Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 14.16%. The ex-dividend date is Friday, March 21st. OFS Capital’s payout ratio is currently 64.15%.

Hedge Funds Weigh In On OFS Capital

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bulldog Investors LLP acquired a new stake in OFS Capital during the fourth quarter worth approximately $916,000. Two Sigma Advisers LP lifted its position in OFS Capital by 16.3% during the fourth 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 lifted its position in OFS Capital by 36.8% during the fourth quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company’s stock worth $490,000 after acquiring an additional 16,327 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in 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 worth $396,000 after acquiring an additional 15,109 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in OFS Capital during the third quarter worth approximately $115,000. Institutional investors own 10.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

OFS Capital Company Profile

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.