OFS Capital (NASDAQ:OFS) Announces Quarterly Earnings Results

OFS Capital (NASDAQ:OFS) issued its earnings results on Monday. The investment management company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05, Zacks reports. The company had revenue of $11.65 million for the quarter, compared to analyst estimates of $10.30 million. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%.

OFS Capital Stock Up 0.6 %

OFS opened at $8.35 on Tuesday. OFS Capital has a one year low of $7.75 and a one year high of $11.94. The company has a market cap of $111.87 million, a price-to-earnings ratio of -92.77 and a beta of 1.75. The business’s fifty day moving average is $8.14 and its two-hundred day moving average is $8.21. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.12 and a current ratio of 0.12.

Institutional Investors Weigh In On OFS Capital

An institutional investor recently raised its position in OFS Capital stock. Bank of America Corp DE increased its holdings in OFS Capital Co. (NASDAQ:OFS) by 245.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,079 shares of the investment management company’s stock after purchasing an additional 5,029 shares during the period. Bank of America Corp DE owned 0.05% of OFS Capital worth $57,000 as of its most recent SEC filing. 10.81% of the stock is owned by institutional investors.

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.