Wall Street brokerages forecast that OFS Capital Corp (NASDAQ:OFS) will post $0.37 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for OFS Capital Corp’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.36. OFS Capital Corp reported earnings per share of $0.38 during the same quarter last year, which suggests a negative year-over-year growth rate of 2.6%. The company is scheduled to issue its next earnings report on Friday, May 5th.
According to Zacks, analysts expect that OFS Capital Corp will report full-year earnings of $1.49 per share for the current financial year, with EPS estimates ranging from $1.44 to $1.53. For the next financial year, analysts forecast that the company will report earnings of $1.52 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow OFS Capital Corp.
OFS Capital Corp (NASDAQ:OFS) last announced its quarterly earnings results on Wednesday, March 15th. The investment management company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. The company had revenue of $8.21 million for the quarter, compared to analysts’ expectations of $7.73 million. OFS Capital Corp had a net margin of 47.80% and a return on equity of 10.40%.
OFS has been the subject of several analyst reports. National Securities reissued a “buy” rating and set a $16.00 price target on shares of OFS Capital Corp in a research report on Monday, April 3rd. Langenberg & Company raised shares of OFS Capital Corp from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Monday, March 27th. Zacks Investment Research raised shares of OFS Capital Corp from a “sell” rating to a “hold” rating in a research report on Thursday, January 5th. Finally, Ladenburg Thalmann Financial Services raised shares of OFS Capital Corp from a “neutral” rating to a “buy” rating in a research report on Monday, March 27th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. OFS Capital Corp presently has a consensus rating of “Buy” and an average price target of $15.00.
Shares of OFS Capital Corp (NASDAQ:OFS) traded down 0.90% during mid-day trading on Thursday, hitting $14.29. 63,596 shares of the company were exchanged. OFS Capital Corp has a 52 week low of $11.91 and a 52 week high of $15.23. The company has a market capitalization of $138.61 million, a P/E ratio of 10.01 and a beta of 0.46. The company has a 50 day moving average of $14.62 and a 200 day moving average of $13.96.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 17th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, March 15th. This represents a $1.36 annualized dividend and a dividend yield of 9.52%. OFS Capital Corp’s dividend payout ratio (DPR) is currently 86.08%.
Several institutional investors have recently bought and sold shares of the stock. Confluence Investment Management LLC increased its position in OFS Capital Corp by 18.5% in the first quarter. Confluence Investment Management LLC now owns 449,963 shares of the investment management company’s stock valued at $6,385,000 after buying an additional 70,130 shares during the period. Western Standard LLC bought a new position in OFS Capital Corp during the fourth quarter valued at about $4,916,000. GSA Capital Partners LLP increased its position in OFS Capital Corp by 40.8% in the fourth quarter. GSA Capital Partners LLP now owns 41,094 shares of the investment management company’s stock valued at $565,000 after buying an additional 11,900 shares during the period. Ares Management LLC increased its position in OFS Capital Corp by 185.9% in the third quarter. Ares Management LLC now owns 118,357 shares of the investment management company’s stock valued at $1,542,000 after buying an additional 76,957 shares during the period. Finally, Silver Capital Management LLC bought a new position in OFS Capital Corp during the third quarter valued at about $432,000. Hedge funds and other institutional investors own 23.53% of the company’s stock.
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OFS Capital Corp Company Profile
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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