Sigma Planning Corp Reduces Stake in OFS Capital Co. (NASDAQ:OFS)

Sigma Planning Corp cut its holdings in shares of OFS Capital Co. (NASDAQ:OFS) by 36.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 33,561 shares of the investment management company’s stock after selling 19,563 shares during the quarter. Sigma Planning Corp’s holdings in OFS Capital were worth $393,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. International Assets Investment Management LLC grew its holdings in shares of OFS Capital by 1,180.8% during the 4th quarter. International Assets Investment Management LLC now owns 1,897,775 shares of the investment management company’s stock worth $22,204,000 after purchasing an additional 1,749,607 shares during the period. Advisors Asset Management Inc. lifted its stake in OFS Capital by 7.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 306,045 shares of the investment management company’s stock worth $3,440,000 after acquiring an additional 20,098 shares in the last quarter. Acadian Asset Management LLC lifted its stake in OFS Capital by 18.6% during the 3rd quarter. Acadian Asset Management LLC now owns 202,591 shares of the investment management company’s stock worth $2,275,000 after acquiring an additional 31,751 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in OFS Capital by 39.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 47,401 shares of the investment management company’s stock worth $533,000 after acquiring an additional 13,298 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in OFS Capital during the 3rd quarter worth about $494,000. 10.81% of the stock is currently owned by hedge funds and other institutional investors.

OFS Capital Stock Performance

OFS opened at $9.46 on Friday. The stock’s 50-day moving average price is $10.29 and its 200 day moving average price is $10.78. OFS Capital Co. has a 12-month low of $9.10 and a 12-month high of $12.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.26 and a quick ratio of 0.26.

OFS Capital (NASDAQ:OFS) last posted its quarterly earnings results on Tuesday, March 5th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The company had revenue of $13.48 million during the quarter, compared to analyst estimates of $14.53 million. OFS Capital had a negative net margin of 0.82% and a positive return on equity of 11.76%. During the same period in the prior year, the business earned $0.35 EPS. As a group, research analysts expect that OFS Capital Co. will post 1.34 EPS for the current fiscal year.

OFS Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 14.38%. The ex-dividend date of this dividend was Friday, March 15th. OFS Capital’s dividend payout ratio is currently -3,400.00%.

Analyst Upgrades and Downgrades

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

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.