Economy

OFS Capital Corporation (NASDAQ:OFS) Experiences Heavier than Average Trading Volume

01/28/2014 - OFS Capital Corporation was downgraded to "underweight" by analysts at UBS. Advisors Asset Mngmt reported 0.08% in OFS Capital Corp (NASDAQ:OFS).

The company is down from yesterday's close of $14.23.

OFS Capital Corporation has a beta of 0.46, suggesting that its share price is 54% less volatile than the S&P 500.

OFS Capital Corporation (NASDAQ: OFS) and Stellus Capital Investment Corporation (NYSE:SCM) are both finance companies, but which is the better investment? The investment management company reported $0.33 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.30 by $0.03, Morningstar.com reports.

EX-99.1 2 ofsex991-2017x08x04.htm EXHIBIT 99.1 Exhibit Exhibit 99.1OFS CAPITAL CORPORATION ANNOUNCES SECOND QUARTER FINANCIAL RESULTSDeclares a $0.34 Per Share DistributionChicago, ...

11/10/2015 - OFS Capital Corporation had its "buy" rating reiterated by analysts at National Securities. Robert W. Baird initiated the stock with "Outperform" rating in Tuesday, December 20 report.

OFS Capital Corporation pays an annual dividend of $1.36 per share and has a dividend yield of 9.6%. ValuEngine cut shares of Stellus Capital Investment Corporation from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 11th. August 10 investment analysts at Keefe Bruyette & Woods held the stock rating at "Outperform" and moved down the price target from $14.25 to $13.00. The company has an average rating of "Buy" and a consensus price target of $15.00. About 43,132 shares traded. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

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Dean D'angelo, Director bought $87,295 worth of shares at a price of $13.43 on June 13th.

On May 7, 2015 Janney Capital started coverage with a rating of "Neutral" and projecting a price target of $0.00. The disclosure for this purchase can be found here. The Company originates and invests primarily in private middle-market companies through first lien, second lien, unitranche and mezzanine debt financing, with corresponding equity co-investments.

Several hedge funds have recently modified their holdings of OFS.

As of the end of the quarter Janney Montgomery Scott LLC had bought a total of 934 shares growing its stake by 5.9%. Punch & Associates Investment Management Inc. now owns 209,378 shares of the investment management company's stock valued at $2,971,000 after buying an additional 26,878 shares during the period. Comparatively, 22.7% of Stellus Capital Investment Corporation shares are owned by institutional investors. Shikiar Asset Management Inc. purchased a new position in shares of OFS Capital Corporation during the first quarter worth approximately $284,000. Janney Montgomery Scott LLC now owns 16,776 shares valued at $230,000. Goldman Sachs Group Inc. raised its position in Stellus Capital Investment Corporation by 127.6% in the first quarter. Marshall Wace North America L.p. augmented its investment by buying 24,514 shares an increase of 139.6% in the quarter. Finally, Western Standard LLC boosted its stake in shares of OFS Capital Corporation by 35.3% in the first quarter. The value of the investment in Stellus Capital Investment Corp decreased from $8,928,000 to $8,714,000 decreasing 2.4% since the last quarter. Hedge funds and other institutional investors own 23.94% of the company's stock.

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Company shares last traded at $13.66 a tad under the 50 day moving average of $14.13 and which is marginally lower than the 200 day moving average of $14.36. The 50 day moving average went up by +0.08% and the 200 day average moved down $-0.25. OFS Capital Corporation has a 52-week low of $12.25 and a 52-week high of $15.23.

The company also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.1133 per share. The ex-dividend date of this dividend is Tuesday, August 29th. Stellus Capital Investment Corporation's dividend payout ratio (DPR) is now 63.55%.

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