OFS Capital (NASDAQ:OFS) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

OFS Capital Co. (NASDAQ:OFS)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.24 and traded as low as $7.92. OFS Capital shares last traded at $8.13, with a volume of 56,524 shares traded.

OFS Capital Price Performance

The firm has a 50-day moving average of $8.20 and a 200-day moving average of $8.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market cap of $108.94 million, a PE ratio of -90.32 and a beta of 1.75.

OFS Capital (NASDAQ:OFS) last announced its quarterly earnings data on Thursday, October 31st. The investment management company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. The business had revenue of $10.92 million during the quarter, compared to analyst estimates of $10.97 million. During the same period last year, the firm posted $0.40 EPS. Research analysts predict that OFS Capital Co. will post 1.17 EPS for the current year.

Institutional Trading of OFS Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in shares of OFS Capital during the third quarter valued at about $115,000. International Assets Investment Management LLC boosted its stake in OFS Capital by 783.4% during the third quarter. International Assets Investment Management LLC now owns 1,180,017 shares of the investment management company’s stock valued at $9,971,000 after buying an additional 1,046,440 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in OFS Capital by 7.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 81,961 shares of the investment management company’s stock valued at $693,000 after buying an additional 5,575 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in OFS Capital in the 2nd quarter worth approximately $114,000. 10.81% of the stock is currently owned by institutional investors.

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.