News coverage about OFS Capital Corporation (NASDAQ:OFS) has been trending positive on Friday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. OFS Capital Corporation earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 46.9386717239402 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
OFS has been the topic of several recent research reports. National Securities restated a “buy” rating and issued a $16.00 price target on shares of OFS Capital Corporation in a research report on Monday, August 7th. Zacks Investment Research lowered shares of OFS Capital Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Robert W. Baird lowered shares of OFS Capital Corporation from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $16.00 to $13.00 in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.25.
OFS Capital Corporation (NASDAQ:OFS) opened at 12.93 on Friday. OFS Capital Corporation has a 52-week low of $12.25 and a 52-week high of $15.24. The firm’s 50-day moving average is $13.10 and its 200 day moving average is $13.75.
OFS Capital Corporation (NASDAQ:OFS) last issued its earnings results on Friday, August 4th. The investment management company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $8.53 million. On average, equities analysts expect that OFS Capital Corporation will post $1.29 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 10.52%. The ex-dividend date of this dividend was Thursday, September 14th. OFS Capital Corporation’s payout ratio is presently 125.93%.
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OFS Capital Corporation 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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