OFS Capital Co. (NASDAQ:OFS) Short Interest Up 59.2% in December

OFS Capital Co. (NASDAQ:OFS) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 62,900 shares, an increase of 59.2% from the November 30th total of 39,500 shares. Based on an average daily volume of 55,200 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new stake in OFS Capital during the 2nd quarter valued at approximately $114,000. Jane Street Group LLC purchased a new position in shares of OFS Capital during the 3rd quarter valued at approximately $115,000. Arkadios Wealth Advisors grew its position in shares of OFS Capital by 7.3% during the third quarter. Arkadios Wealth Advisors now owns 81,961 shares of the investment management company’s stock worth $693,000 after buying an additional 5,575 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of OFS Capital by 783.4% in the third quarter. International Assets Investment Management LLC now owns 1,180,017 shares of the investment management company’s stock worth $9,971,000 after buying an additional 1,046,440 shares during the last quarter. Institutional investors and hedge funds own 10.81% of the company’s stock.

OFS Capital Stock Down 0.1 %

NASDAQ OFS opened at $7.94 on Monday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.55. OFS Capital has a fifty-two week low of $7.75 and a fifty-two week high of $12.06. The business has a 50 day moving average price of $8.20 and a two-hundred day moving average price of $8.39. The stock has a market cap of $106.38 million, a PE ratio of -88.21 and a beta of 1.77.

OFS Capital (NASDAQ:OFS) last announced its earnings results on Thursday, October 31st. The investment management company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. The business had revenue of $10.92 million during the quarter, compared to the consensus estimate of $10.97 million. During the same period in the prior year, the firm earned $0.40 earnings per share. As a group, sell-side analysts predict that OFS Capital will post 1.18 EPS for the current fiscal year.

OFS Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 17.13%. The ex-dividend date is Friday, December 20th. OFS Capital’s payout ratio is -1,511.11%.

OFS Capital Company Profile

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.