OFS Capital Co. (NASDAQ:OFS) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its position in OFS Capital Co. (NASDAQ:OFS) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 170,053 shares of the investment management company’s stock after buying an additional 7,850 shares during the quarter. International Assets Investment Management LLC owned about 1.27% of OFS Capital worth $1,689,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Advisors Asset Management Inc. lifted its holdings in shares of OFS Capital by 7.0% during the third quarter. Advisors Asset Management Inc. now owns 306,045 shares of the investment management company’s stock valued at $3,440,000 after purchasing an additional 20,098 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of OFS Capital by 18.6% during the third quarter. Acadian Asset Management LLC now owns 202,591 shares of the investment management company’s stock valued at $2,275,000 after purchasing an additional 31,751 shares during the last quarter. Confluence Investment Management LLC acquired a new position in OFS Capital during the first quarter valued at $973,000. O Shaughnessy Asset Management LLC raised its position in OFS Capital by 39.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 47,401 shares of the investment management company’s stock valued at $533,000 after buying an additional 13,298 shares during the period. Finally, Access Investment Management LLC acquired a new position in OFS Capital during the fourth quarter valued at $380,000. 10.81% of the stock is owned by hedge funds and other institutional investors.

OFS Capital Price Performance

Shares of OFS stock opened at $9.23 on Monday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.53. OFS Capital Co. has a fifty-two week low of $9.20 and a fifty-two week high of $12.44. The stock’s 50-day moving average is $9.66 and its two-hundred day moving average is $10.56.

OFS Capital (NASDAQ:OFS) last issued its earnings results on Thursday, May 2nd. The investment management company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.07. OFS Capital had a positive return on equity of 12.72% and a negative net margin of 23.41%. The company had revenue of $14.23 million for the quarter, compared to analyst estimates of $13.10 million. As a group, analysts anticipate that OFS Capital Co. will post 1.27 earnings per share for the current year.

OFS Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 14.73%. The ex-dividend date of this dividend is Tuesday, June 18th. OFS Capital’s payout ratio is currently -137.37%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised OFS Capital from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th.

OFS Capital Company Profile

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.