OFS Capital Corporation (NASDAQ:OFS) was downgraded by equities research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday, August 7th, Marketbeat.com reports. They presently have a $13.00 price objective on the investment management company’s stock, down from their previous price objective of $16.00. Robert W. Baird’s price objective suggests a potential downside of 2.48% from the company’s current price.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of OFS Capital Corporation from a “buy” rating to a “sell” rating in a research note on Thursday, May 11th. National Securities reaffirmed a “buy” rating and issued a $16.00 price target on shares of OFS Capital Corporation in a research note on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. OFS Capital Corporation presently has an average rating of “Hold” and a consensus target price of $14.60.
OFS Capital Corporation (NASDAQ OFS) traded down 1.91% on Monday, reaching $13.33. 30,990 shares of the company’s stock traded hands. The stock’s 50 day moving average is $13.91 and its 200 day moving average is $14.27. OFS Capital Corporation has a 52-week low of $12.25 and a 52-week high of $15.24.
OFS Capital Corporation (NASDAQ:OFS) last announced its quarterly earnings results on Friday, August 4th. The investment management company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. OFS Capital Corporation had a net margin of 31.02% and a return on equity of 9.43%. The firm had revenue of $7.98 million for the quarter, compared to analyst estimates of $8.53 million. Equities research analysts predict that OFS Capital Corporation will post $1.29 earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the stock. Western Standard LLC increased its stake in OFS Capital Corporation by 1.0% in the second quarter. Western Standard LLC now owns 488,074 shares of the investment management company’s stock worth $6,984,000 after buying an additional 4,800 shares during the period. Muzinich & Co. Inc. increased its stake in OFS Capital Corporation by 258.1% in the second quarter. Muzinich & Co. Inc. now owns 436,837 shares of the investment management company’s stock worth $6,251,000 after buying an additional 314,864 shares during the period. Advisors Asset Management Inc. increased its stake in OFS Capital Corporation by 3.4% in the second quarter. Advisors Asset Management Inc. now owns 405,810 shares of the investment management company’s stock worth $5,807,000 after buying an additional 13,527 shares during the period. Punch & Associates Investment Management Inc. increased its stake in OFS Capital Corporation by 16.9% in the second quarter. Punch & Associates Investment Management Inc. now owns 244,750 shares of the investment management company’s stock worth $3,502,000 after buying an additional 35,372 shares during the period. Finally, UBS Group AG increased its stake in OFS Capital Corporation by 16.2% in the first quarter. UBS Group AG now owns 204,251 shares of the investment management company’s stock worth $2,898,000 after buying an additional 28,449 shares during the period. Institutional investors own 25.61% of the company’s stock.
About OFS Capital Corporation
OFS Capital Corporation (OFS Capital) is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to provide its shareholders with both current income and capital appreciation primarily through debt investments and equity investments. It focuses primarily on middle-market companies in the United States, including senior secured loans, including first-lien, second-lien and unitranche loans, as well as subordinated loans, and warrants and other minority equity securities.
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