OFS Capital Corporation (OFS) Stock Rating Upgraded by Zacks Investment Research

OFS Capital Corporation (NASDAQ:OFS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “OFS Capital Corporation is a closed-end, non-diversified management investment company. It is engaged in providing capital to North American middle market companies. Its investment objective is to provide its stockholders with both current income and capital appreciation primarily through debt investments and equity investments in asset classes including senior secured, unitranche, second-lien and mezzanine loans. “

Several other research firms also recently commented on OFS. National Securities reissued a “buy” rating and set a $16.00 target price on shares of OFS Capital Corporation in a research report on Monday, August 7th. Robert W. Baird downgraded shares of OFS Capital Corporation from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $16.00 to $13.00 in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $14.25.

Shares of OFS Capital Corporation (NASDAQ:OFS) opened at 13.15 on Wednesday. The stock has a 50 day moving average price of $13.07 and a 200 day moving average price of $13.86. OFS Capital Corporation has a 12 month low of $12.25 and a 12 month high of $15.24.

OFS Capital Corporation (NASDAQ:OFS) last posted its earnings results on Friday, August 4th. The investment management company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The firm had revenue of $7.98 million for the quarter, compared to the consensus estimate of $8.53 million. OFS Capital Corporation had a net margin of 31.02% and a return on equity of 9.43%. Equities analysts predict that OFS Capital Corporation will post $1.29 earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of OFS. Two Sigma Securities LLC acquired a new stake in shares of OFS Capital Corporation in the first quarter valued at about $188,000. Wells Fargo & Company MN grew its position in shares of OFS Capital Corporation by 243.0% in the first quarter. Wells Fargo & Company MN now owns 14,929 shares of the investment management company’s stock valued at $212,000 after purchasing an additional 10,577 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of OFS Capital Corporation in the second quarter valued at about $290,000. Shikiar Asset Management Inc. grew its position in shares of OFS Capital Corporation by 24.8% in the second quarter. Shikiar Asset Management Inc. now owns 24,950 shares of the investment management company’s stock valued at $357,000 after purchasing an additional 4,950 shares during the last quarter. Finally, Oxford Asset Management acquired a new stake in shares of OFS Capital Corporation in the first quarter valued at about $370,000. 28.65% of the stock is currently owned by institutional investors.

About OFS Capital Corporation

OFS Capital Corporation (OFS Capital) is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to provide its shareholders with both current income and capital appreciation primarily through debt investments and equity investments. It focuses primarily on middle-market companies in the United States, including senior secured loans, including first-lien, second-lien and unitranche loans, as well as subordinated loans, and warrants and other minority equity securities.

Analyst Recommendations for OFS Capital Corporation (NASDAQ:OFS)

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