OFS Capital Co. (NASDAQ:OFS) to Issue $0.34 Quarterly Dividend

OFS Capital Co. (NASDAQ:OFS) declared a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Friday, March 21st will be given a dividend of 0.34 per share by the investment management company on Monday, March 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 15.63%. The ex-dividend date of this dividend is Friday, March 21st.

OFS Capital has raised its dividend payment by an average of 20.3% per year over the last three years.

OFS Capital Trading Up 4.2 %

Shares of NASDAQ OFS traded up $0.35 during midday trading on Tuesday, reaching $8.70. The stock had a trading volume of 145,712 shares, compared to its average volume of 36,966. OFS Capital has a twelve month low of $7.75 and a twelve month high of $11.50. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.12 and a current ratio of 0.12. The company’s 50 day moving average price is $8.15 and its 200 day moving average price is $8.21. The firm has a market cap of $116.56 million, a price-to-earnings ratio of -96.66 and a beta of 1.75.

OFS Capital (NASDAQ:OFS) last posted its quarterly earnings data on Monday, March 3rd. The investment management company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.05. OFS Capital had a positive return on equity of 11.26% and a negative net margin of 2.29%. The firm had revenue of $11.65 million during the quarter, compared to analyst estimates of $10.30 million. As a group, sell-side analysts expect that OFS Capital will post 1.17 EPS for the current year.

Institutional Trading of OFS Capital

A hedge fund recently raised its stake in OFS Capital stock. Bank of America Corp DE boosted its stake in OFS Capital Co. (NASDAQ:OFS) by 245.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,079 shares of the investment management company’s stock after purchasing an additional 5,029 shares during the quarter. Bank of America Corp DE owned about 0.05% of OFS Capital worth $57,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 10.81% of the company’s stock.

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.