OFS Capital (OFS) Projected to Post Quarterly Earnings on Monday

OFS Capital (NASDAQ:OFS) is expected to announce its earnings results before the market opens on Monday, March 3rd. Analysts expect the company to announce earnings of $0.25 per share and revenue of $10.30 million for the quarter.

OFS Capital Stock Performance

NASDAQ OFS opened at $8.25 on Monday. The firm has a market cap of $110.53 million, a price-to-earnings ratio of -91.66 and a beta of 1.75. The company has a 50 day moving average of $8.15 and a 200-day moving average of $8.19. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.55. OFS Capital has a 1-year low of $7.75 and a 1-year high of $11.94.

Institutional Investors Weigh In On OFS Capital

A hedge fund recently raised its stake in OFS Capital stock. Bank of America Corp DE raised its stake in OFS Capital Co. (NASDAQ:OFS) by 245.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,079 shares of the investment management company’s stock after acquiring an additional 5,029 shares during the quarter. Bank of America Corp DE owned about 0.05% of OFS Capital worth $57,000 as of its most recent filing with the Securities and Exchange Commission. 10.81% of the stock is owned by institutional investors and hedge funds.

About OFS Capital

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.