Sigma Planning Corp purchased a new position in shares of OFS Capital Corp (NASDAQ:OFS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,624 shares of the investment management company’s stock, valued at approximately $150,000. Sigma Planning Corp owned approximately 0.09% of OFS Capital as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in shares of OFS Capital by 2.3% in the third quarter. Advisors Asset Management Inc. now owns 415,125 shares of the investment management company’s stock worth $5,467,000 after buying an additional 9,315 shares in the last quarter. Janney Montgomery Scott LLC increased its position in OFS Capital by 8.9% during the third quarter. Janney Montgomery Scott LLC now owns 141,339 shares of the investment management company’s stock worth $1,861,000 after purchasing an additional 11,500 shares during the last quarter. Western Standard LLC increased its position in OFS Capital by 2.9% during the third quarter. Western Standard LLC now owns 502,174 shares of the investment management company’s stock worth $6,614,000 after purchasing an additional 14,100 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in OFS Capital by 107.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 38,080 shares of the investment management company’s stock worth $501,000 after purchasing an additional 19,750 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of OFS Capital during the second quarter valued at about $290,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on the stock. National Securities reiterated a “buy” rating and set a $15.00 price target on shares of OFS Capital in a research report on Tuesday. Zacks Investment Research lowered shares of OFS Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Finally, ValuEngine upgraded shares of OFS Capital from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $14.67.
OFS Capital (NASDAQ:OFS) last posted its quarterly earnings data on Friday, March 2nd. The investment management company reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The company had revenue of $8.29 million for the quarter, compared to analyst estimates of $9.02 million. OFS Capital had a net margin of 23.66% and a return on equity of 9.06%.
The company also recently disclosed a special dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 22nd will be paid a dividend of $0.37 per share. This represents a yield of 11.82%. The ex-dividend date of this dividend is Wednesday, March 21st. OFS Capital’s dividend payout ratio (DPR) is presently 186.30%.
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OFS Capital 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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