Mckinley Capital Management LLC Delaware grew its position in OFS Capital Corp (NASDAQ:OFS) by 3.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 97,155 shares of the investment management company’s stock after buying an additional 3,556 shares during the period. Mckinley Capital Management LLC Delaware owned approximately 0.73% of OFS Capital worth $1,166,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Advisor Group Inc. raised its holdings in OFS Capital by 380.7% in the second quarter. Advisor Group Inc. now owns 4,807 shares of the investment management company’s stock worth $58,000 after buying an additional 3,807 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of OFS Capital by 5.7% during the first 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 last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in shares of OFS Capital by 19.7% during the first 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 last quarter. 21.20% of the stock is owned by institutional investors and hedge funds.
Shares of OFS traded down $0.17 during mid-day trading on Friday, hitting $11.28. 27,684 shares of the company traded hands, compared to its average volume of 37,691. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a 50-day moving average price of $11.43 and a two-hundred day moving average price of $11.95. OFS Capital Corp has a 1 year low of $9.53 and a 1 year high of $12.81. The stock has a market cap of $153.05 million, a price-to-earnings ratio of 7.79 and a beta of 0.65.
OFS Capital (NASDAQ:OFS) last released its quarterly earnings data on Friday, August 2nd. The investment management company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. OFS Capital had a net margin of 16.74% and a return on equity of 11.16%. The firm had revenue of $12.90 million during the quarter, compared to analysts’ expectations of $12.40 million. On average, analysts forecast that OFS Capital Corp will post 1.44 EPS for the current year.
Several research firms have recently weighed in on OFS. LADENBURG THALM/SH SH raised shares of OFS Capital from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Monday, August 5th. National Securities reissued a “buy” rating and set a $15.00 price objective on shares of OFS Capital in a report on Monday, May 6th. Zacks Investment Research cut shares of OFS Capital from a “buy” rating to a “sell” rating in a report on Friday, May 17th. Finally, ValuEngine cut shares of OFS Capital from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company. OFS Capital presently has an average rating of “Hold” and a consensus target price of $13.67.
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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