OFS Capital (NASDAQ:OFS) posted its earnings results on Friday. The investment management company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01, Morningstar.com reports. The firm had revenue of $10.98 million for the quarter, compared to the consensus estimate of $10.40 million. OFS Capital had a net margin of 37.64% and a return on equity of 9.17%.
NASDAQ:OFS traded up $0.16 during mid-day trading on Friday, hitting $11.14. 86,672 shares of the stock traded hands, compared to its average volume of 30,835. The company has a market capitalization of $148.72 million, a price-to-earnings ratio of 8.77 and a beta of 0.64. OFS Capital has a 52 week low of $10.41 and a 52 week high of $12.89. The company has a current ratio of 5.00, a quick ratio of 5.00 and a debt-to-equity ratio of 0.85.
Several equities analysts recently commented on OFS shares. ValuEngine upgraded shares of OFS Capital from a “sell” rating to a “hold” rating in a report on Friday, September 7th. TheStreet upgraded shares of OFS Capital from a “c” rating to a “b” rating in a report on Wednesday, August 29th. National Securities reiterated a “buy” rating and set a $15.00 price target on shares of OFS Capital in a report on Tuesday, August 7th. Finally, Zacks Investment Research upgraded shares of OFS Capital from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Tuesday, July 10th.
A number of large investors have recently modified their holdings of OFS. JPMorgan Chase & Co. grew its holdings in OFS Capital by 48.5% during the 1st quarter. JPMorgan Chase & Co. now owns 201,187 shares of the investment management company’s stock valued at $2,257,000 after purchasing an additional 65,746 shares during the last quarter. UBS Group AG grew its holdings in OFS Capital by 6.0% during the 1st quarter. UBS Group AG now owns 302,083 shares of the investment management company’s stock valued at $3,390,000 after purchasing an additional 16,989 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in OFS Capital during the 3rd quarter valued at about $744,000. Institutional investors own 24.50% of the company’s stock.
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.
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