Short interest in OFS Capital Co. (NASDAQ:OFS) Expands 18.6%

OFS Capital Co. (NASDAQ:OFS – Get Free Report ) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 57,500 shares, an increase of 18.6% from the August 31st total of 48,500 shares. Based on an average trading volume of 69,800 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the stock’s shares are short sold.

Hedge funds influence OFS capital

Several institutional investors have recently added to or reduced their stakes in OFS. Sanctuary Advisors LLC acquired a new stake in OFS Capital in the second quarter valued at approximately $114,000. Arkadios Wealth Advisors raised its stake in OFS Capital by 108.1% in the first quarter. Arkadios Wealth Advisors now owns 42,303 shares of the investment management company’s stock worth $420,000 after acquiring an additional 21,970 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in OFS Capital in the 1st quarter worth about $973,000. International Assets Investment Management LLC boosted its stake in OFS Capital by 4.8% in the first quarter. International Assets Investment Management LLC now owns 170,053 shares of the investment management company’s stock worth $1,689,000 after acquiring an additional 7,850 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in OFS Capital by 6.2% in the first quarter. Advisors Asset Management Inc. now owns 287,580 shares of the investment management company’s stock worth $2,856,000 after purchasing an additional 16,748 shares during the last quarter. 10.81% of the shares are currently owned by institutional investors and hedge funds.

OFS capital price performance

Shares of NASDAQ:OFS traded up $0.06 on Monday, hitting $8.33. The company had a trading volume of 12,230 shares, compared to its average volume of 53,387. The company has a current ratio of 0.04, a quick ratio of 0.04, and a debt-to-equity ratio of 0.45. OFS Capital has a 52 week low of $7.75 and a 52 week high of $12.41. The company has a 50-day moving average of $8.29 and a 200-day moving average of $9.10. The company has a market cap of $111.61 million, a PE ratio of -8.35 and a beta of 1.77.

OFS Capital (NASDAQ:OFS – Get Your Free Report ) last posted its earnings results on Thursday, August 1st. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.03). The business had revenue of $11.17 million during the quarter, compared to analyst estimates of $11.78 million. OFS Capital had a negative net margin of 1.92% and a positive return on equity of 12.04%. In the same quarter last year, the company posted earnings of $0.38 per share. As a group, equities analysts anticipate that OFS Capital will post 1.17 earnings per share for the current fiscal year.

OFS Capital announces dividends

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, September 20. This represents an annualized dividend of $1.36 and a yield of 16.33%. OFS Capital’s payout ratio is currently -137.37%.

OFS Capital company profile

(Get a free report)

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 US mid-market companies across a wide range of industries.

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