OFS Capital Co. (NASDAQ:OFS) Position Trimmed by Acadian Asset Management LLC

Acadian Asset Management LLC trimmed its holdings in shares of OFS Capital Co. (NASDAQ:OFS) by 55.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,280 shares of the investment management company’s stock after selling 84,142 shares during the period. Acadian Asset Management LLC owned about 0.49% of OFS Capital worth $586,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in OFS. Cape Investment Advisory Inc. bought a new stake in OFS Capital during the fourth quarter worth approximately $128,000. Confluence Investment Management LLC purchased a new stake in shares of OFS Capital in the 1st quarter valued at approximately $973,000. International Assets Investment Management LLC lifted its position in shares of OFS Capital by 4.8% in the 1st quarter. International Assets Investment Management LLC now owns 170,053 shares of the investment management company’s stock valued at $1,689,000 after acquiring an additional 7,850 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of OFS Capital by 108.1% in the 1st quarter. Arkadios Wealth Advisors now owns 42,303 shares of the investment management company’s stock valued at $420,000 after acquiring an additional 21,970 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of OFS Capital by 6.2% in the 1st quarter. Advisors Asset Management Inc. now owns 287,580 shares of the investment management company’s stock valued at $2,856,000 after acquiring an additional 16,748 shares in the last quarter. 10.81% of the stock is currently owned by institutional investors.

OFS Capital Stock Down 0.1 %

Shares of NASDAQ:OFS opened at $8.84 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market cap of $118.44 million, a PE ratio of -8.93 and a beta of 1.77. OFS Capital Co. has a 52 week low of $7.75 and a 52 week high of $12.44. The firm has a 50 day simple moving average of $8.35 and a 200 day simple moving average of $9.24.

OFS Capital (NASDAQ:OFS) last posted its quarterly earnings results on Thursday, August 1st. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). OFS Capital had a positive return on equity of 12.04% and a negative net margin of 1.92%. The company had revenue of $11.17 million during the quarter, compared to analysts’ expectations of $11.78 million. During the same period last year, the company earned $0.38 earnings per share. As a group, research analysts expect that OFS Capital Co. will post 1.17 earnings per share for the current year.

OFS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 15.38%. The ex-dividend date of this dividend is Friday, September 20th. OFS Capital’s dividend payout ratio (DPR) is currently -137.37%.

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.