OFS Capital (OFS) Downgraded to “Neutral” at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH cut shares of OFS Capital (NASDAQ:OFS) from a buy rating to a neutral rating in a research note published on Monday morning, BenzingaRatingsTable reports.

A number of other brokerages have also commented on OFS. National Securities reiterated a buy rating and issued a $15.00 price objective on shares of OFS Capital in a research report on Monday. Zacks Investment Research lowered OFS Capital from a buy rating to a hold rating in a research report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. OFS Capital currently has a consensus rating of Hold and a consensus target price of $14.00.

Shares of OFS opened at $12.40 on Monday. The firm has a market capitalization of $167.95 million, a price-to-earnings ratio of 8.99 and a beta of 0.70. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.41 and a current ratio of 0.41. OFS Capital has a 52 week low of $9.53 and a 52 week high of $12.80.

OFS Capital (NASDAQ:OFS) last announced its quarterly earnings data on Friday, May 3rd. The investment management company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. The firm had revenue of $12.35 million for the quarter, compared to analyst estimates of $11.69 million. OFS Capital had a return on equity of 10.75% and a net margin of 21.25%. Analysts forecast that OFS Capital will post 1.42 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.97%. The ex-dividend date of this dividend is Thursday, June 20th. OFS Capital’s dividend payout ratio (DPR) is currently 98.55%.

Several hedge funds have recently bought and sold shares of the company. Sigma Planning Corp lifted its stake in shares of OFS Capital by 5.7% in the 1st quarter. Sigma Planning Corp now owns 21,644 shares of the investment management company’s stock valued at $254,000 after purchasing an additional 1,172 shares during the period. Macquarie Group Ltd. lifted its stake in shares of OFS Capital by 279.1% in the 4th quarter. Macquarie Group Ltd. now owns 4,723 shares of the investment management company’s stock valued at $50,000 after purchasing an additional 3,477 shares during the period. GSA Capital Partners LLP acquired a new position in shares of OFS Capital in the 4th quarter valued at $114,000. Wedge Capital Management L L P NC lifted its stake in shares of OFS Capital by 19.7% in the 1st quarter. Wedge Capital Management L L P NC now owns 75,564 shares of the investment management company’s stock valued at $888,000 after purchasing an additional 12,427 shares during the period. Finally, Confluence Investment Management LLC lifted its stake in shares of OFS Capital by 6.7% in the 1st quarter. Confluence Investment Management LLC now owns 555,585 shares of the investment management company’s stock valued at $6,528,000 after purchasing an additional 35,086 shares during the period. 23.25% of the stock is currently owned by institutional investors.

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 does not invest in operational turnarounds or start-up businesses. For direct, it specializes in debt and structured equity investments, recapitalizations and refinancing, management and leveraged buyouts, acquisition financings, shareholder liquidity events, growth capital, independent sponsor transactions, ESOPs, and minority investments in the lower middle market companies.

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