Brokerages forecast that OFS Capital Corporation (NASDAQ:OFS) will report $8.53 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for OFS Capital Corporation’s earnings. The lowest sales estimate is $8.48 million and the highest is $8.57 million. OFS Capital Corporation posted sales of $7.68 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.1%. The business is expected to issue its next earnings results before the market opens on Friday, August 4th.
According to Zacks, analysts expect that OFS Capital Corporation will report full year sales of $8.53 million for the current fiscal year, with estimates ranging from $35.44 million to $35.81 million. For the next financial year, analysts anticipate that the company will report sales of $40.79 million per share, with estimates ranging from $39.91 million to $41.67 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for OFS Capital Corporation.
OFS Capital Corporation (NASDAQ:OFS) last released its quarterly earnings data on Friday, May 5th. The investment management company reported $0.37 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.37. The company had revenue of $8.03 million during the quarter, compared to the consensus estimate of $8.20 million. OFS Capital Corporation had a net margin of 52.47% and a return on equity of 9.63%.
A number of equities analysts recently issued reports on OFS shares. National Securities reiterated a “buy” rating and issued a $16.00 target price on shares of OFS Capital Corporation in a research report on Tuesday, May 9th. Zacks Investment Research upgraded shares of OFS Capital Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $15.00.
OFS Capital Corporation (OFS) traded up 0.92% during mid-day trading on Friday, reaching $14.22. 13,408 shares of the company’s stock were exchanged. OFS Capital Corporation has a 1-year low of $12.25 and a 1-year high of $15.23. The firm’s 50-day moving average is $14.13 and its 200 day moving average is $14.36. The stock’s market capitalization is $189.52 million.
Institutional investors have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. acquired a new position in OFS Capital Corporation during the first quarter valued at $148,000. Two Sigma Securities LLC acquired a new position in OFS Capital Corporation during the first quarter valued at $188,000. Wells Fargo & Company MN raised its position in OFS Capital Corporation by 243.0% in the first quarter. Wells Fargo & Company MN now owns 14,929 shares of the investment management company’s stock valued at $212,000 after buying an additional 10,577 shares during the period. Shikiar Asset Management Inc. acquired a new position in OFS Capital Corporation during the first quarter valued at $284,000. Finally, LSV Asset Management raised its position in OFS Capital Corporation by 91.1% in the first quarter. LSV Asset Management now owns 21,400 shares of the investment management company’s stock valued at $303,000 after buying an additional 10,200 shares during the period. Institutional investors own 25.48% of the company’s stock.
OFS Capital Corporation Company Profile
OFS Capital Corporation (OFS Capital) is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to provide its shareholders with both current income and capital appreciation primarily through debt investments and equity investments. It focuses primarily on middle-market companies in the United States, including senior secured loans, including first-lien, second-lien and unitranche loans, as well as subordinated loans, and warrants and other minority equity securities.
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