OFS Capital Co. (NASDAQ:OFS) Shares Purchased by Arkadios Wealth Advisors
Arkadios Wealth Advisors significantly increased its stake in OFS Capital Co. (NASDAQ:OFS) by 80.6% during the second quarter, owning 76,386 shares after acquiring an additional 34,083 shares. Other investors also raised their positions in OFS Capital. The company reported a quarterly loss of EPS, missing estimates, while announcing a dividend of $0.34 per share set to be paid on September 30. OFS Capital specializes in investments for U.S.-based middle-market companies.
Arkadios Wealth Advisors increased its holdings in OFS Capital Co. (NASDAQ:OFS - Free Report) by 80.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,386 shares of the investment management company's stock after acquiring an additional 34,083 shares during the quarter. Arkadios Wealth Advisors owned approximately 0.57% of OFS Capital worth $678,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of OFS. Advisors Asset Management Inc. raised its holdings in OFS Capital by 6.2% during the first quarter. Advisors Asset Management Inc. now owns 287,580 shares of the investment management company's stock worth $2,856,000 after purchasing an additional 16,748 shares in the last quarter. International Assets Investment Management LLC increased its position in OFS Capital by 4.8% during the 1st quarter. International Assets Investment Management LLC now owns 170,053 shares of the investment management company's stock worth $1,689,000 after purchasing an additional 7,850 shares during the period. Confluence Investment Management LLC purchased a new stake in shares of OFS Capital in the first quarter valued at approximately $973,000. Cape Investment Advisory Inc. purchased a new position in OFS Capital in the fourth quarter worth $128,000. Finally, Access Investment Management LLC purchased a new stake in shares of OFS Capital during the 4th quarter worth $380,000. 10.81% of the stock is owned by hedge funds and other institutional investors.
OFS Capital Price Performance
Shares of OFS traded up $0.11 during trading hours on Thursday, reaching $8.11. The company had a trading volume of 45,383 shares, compared to its average volume of 47,856. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $8.50 and a 200-day simple moving average of $9.53. OFS Capital Co. has a 12-month low of $7.75 and a 12-month high of $12.44. The company has a market capitalization of $108.66 million, a price-to-earnings ratio of -8.08 and a beta of 1.77.
OFS Capital (NASDAQ:OFS - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.03). The firm had revenue of $11.17 million for the quarter, compared to analysts' expectations of $11.78 million. OFS Capital had a positive return on equity of 12.04% and a negative net margin of 1.92%. During the same period last year, the firm earned $0.38 EPS. Research analysts expect that OFS Capital Co. will post 1.17 earnings per share for the current year.
OFS Capital Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, September 20th. This represents a $1.36 annualized dividend and a dividend yield of 16.77%. OFS Capital's dividend payout ratio is currently -137.37%.
OFS Capital Company Profile
(Free Report)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.
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