OFS Capital Co. (NASDAQ:OFS) Reports Significant Increase in Short Interest

OFS Capital Co. (NASDAQ:OFS - Get Free Report) experienced a notable rise in short interest during December. As of December 15th, the total short interest reached 62,900 shares, marking a 59.2% increase from the November 30th figure of 39,500 shares. With an average daily trading volume of 55,200 shares, the days-to-cover ratio currently stands at 1.1 days. This means that about 0.5% of the company's shares are sold short.

Institutional Activity

Several institutional investors and hedge funds have bought and sold shares of OFS Capital in recent months. Notably, International Assets Investment Management LLC boosted its stake in OFS Capital by an impressive 783.4% in the third quarter. The firm now holds 1,180,017 shares, valued at $9,971,000, after acquiring an additional 1,046,440 shares during that time. Similarly, Arkadios Wealth Advisors increased its holdings by 7.3%, now owning 81,961 shares worth $693,000 after purchasing an extra 5,575 shares in the last quarter. In addition, Sanctuary Advisors LLC initiated a new position in the second quarter valued at approximately $114,000, while Jane Street Group LLC also entered the market with a new position worth around $115,000 in the third quarter. Overall, institutional investors own 10.81% of OFS Capital's stock.

Performance Overview

As of the last trading session, OFS Capital opened at $7.94 per share. The company’s debt-to-equity ratio is currently at 0.55, with quick and current ratios both at 0.12. OFS Capital boasts a market capitalization of $106.38 million, a price-to-earnings (PE) ratio of -88.21, and a beta of 1.77. Moreover, the stock has experienced a 50-day moving average of $8.21 and a 200-day moving average of $8.42. Over the past year, the share price has fluctuated between a low of $7.75 and a high of $12.06.

OFS Capital announced its latest earnings results on October 31st, reporting earnings per share (EPS) of $0.27 for the quarter, surpassing analysts’ expectations of $0.25. The company achieved a return on equity of 11.26% but faced a net margin of -2.29%. Revenue for the quarter was recorded at $10.92 million, slightly below analysts' projections of $10.97 million. Comparatively, the same quarter in the previous year saw earnings of $0.40 per share. Analysts forecast that OFS Capital will report a total EPS of 1.18 for the current fiscal year.

Dividend Announcement

In addition to its stock performance, OFS Capital recently announced a quarterly dividend. This dividend will be paid on Tuesday, December 31st, to investors holding shares as of Friday, December 20th. The dividend will amount to $0.34, with an ex-dividend date also on December 20th. This results in an annualized dividend of $1.36, yielding a significant 17.13%. Notably, OFS Capital’s dividend payout ratio (DPR) is reported at -1,511.11%.

Company Overview

OFS Capital Corporation is a business development firm that specializes in direct investments and fund investments, including add-on acquisitions. The company primarily offers flexible capital solutions, focusing on debt capital while also engaging in minority equity investments that cater to U.S.-based middle-market companies across diverse industries.

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This news piece combines various financial data to provide accurate and timely information regarding OFS Capital's investment standing. It aims to inform potential investors about recent trends and company performance.

Investment Considerations

Before investing in OFS Capital, it is essential to review comprehensive financial analyses. Although current analyst ratings suggest holding, other top-rated stocks may present more advantageous investment opportunities. Evaluating these insights may guide informed investment decisions.

OFS Capital, Short Interest, Investment