OFS Capital Corp (NASDAQ:OFS) Short Interest Update

Share on StockTwits

OFS Capital Corp (NASDAQ:OFS) was the target of a significant decrease in short interest in August. As of August 15th, there was short interest totalling 18,000 shares, a decrease of 35.9% from the July 15th total of 28,100 shares. Based on an average daily trading volume, of 43,700 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in OFS Capital by 3,350.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,277 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 2,211 shares during the period. Virtus ETF Advisers LLC bought a new stake in OFS Capital in the 2nd quarter valued at $1,843,000. Acadian Asset Management LLC boosted its holdings in OFS Capital by 15.3% in the 2nd quarter. Acadian Asset Management LLC now owns 15,804 shares of the investment management company’s stock valued at $189,000 after purchasing an additional 2,100 shares during the period. BB&T Securities LLC boosted its holdings in OFS Capital by 9.3% in the 2nd quarter. BB&T Securities LLC now owns 443,496 shares of the investment management company’s stock valued at $5,321,000 after purchasing an additional 37,916 shares during the period. Finally, Mckinley Capital Management LLC Delaware lifted its holdings in shares of OFS Capital by 3.8% during the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 97,155 shares of the investment management company’s stock worth $1,166,000 after acquiring an additional 3,556 shares during the period. Institutional investors and hedge funds own 21.20% of the company’s stock.

Several analysts recently issued reports on the company. LADENBURG THALM/SH SH upgraded OFS Capital from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Monday, August 5th. National Securities reiterated a “buy” rating and set a $15.00 target price on shares of OFS Capital in a research report on Monday, May 6th. ValuEngine cut OFS Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. Finally, Zacks Investment Research cut OFS Capital from a “buy” rating to a “sell” rating in a research report on Friday, May 17th. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. OFS Capital has a consensus rating of “Hold” and a consensus price target of $13.67.

Shares of OFS stock traded down $0.03 on Tuesday, reaching $11.17. 21,800 shares of the company’s stock were exchanged, compared to its average volume of 47,573. OFS Capital has a 52 week low of $9.53 and a 52 week high of $12.81. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $149.74 million, a PE ratio of 8.09 and a beta of 0.65. The company’s fifty day simple moving average is $11.35 and its 200 day simple moving average is $11.95.

OFS Capital (NASDAQ:OFS) last released its quarterly earnings data on Friday, August 2nd. The investment management company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $12.90 million for the quarter, compared to the consensus estimate of $12.40 million. OFS Capital had a return on equity of 11.16% and a net margin of 16.74%. As a group, sell-side analysts predict that OFS Capital will post 1.44 earnings per share for the current fiscal year.

About OFS Capital

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.

Featured Article: Can individual investors take part in an IPO?

Receive News & Ratings for OFS Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OFS Capital and related companies with MarketBeat.com's FREE daily email newsletter.