Press coverage about OFS Capital Corp (NASDAQ:OFS) has been trending positive recently, according to AlphaOne Sentiment. AlphaOne, a service of Accern, identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. OFS Capital Corp earned a news sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also assigned headlines about the investment management company an impact score of 80 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted AlphaOne Sentiment’s analysis:
OFS Capital Corp (NASDAQ:OFS) traded up 5.28% during midday trading on Friday, reaching $14.35. The company had a trading volume of 144,399 shares. OFS Capital Corp has a 52 week low of $11.91 and a 52 week high of $15.24. The company has a market capitalization of $139.20 million, a price-to-earnings ratio of 10.06 and a beta of 0.46. The firm has a 50-day moving average price of $14.47 and a 200-day moving average price of $14.02.
OFS Capital Corp (NASDAQ:OFS) last issued its quarterly earnings data on Friday, May 5th. The investment management company reported $0.37 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.37. The firm earned $8.03 million during the quarter, compared to analyst estimates of $8.20 million. OFS Capital Corp had a return on equity of 10.40% and a net margin of 47.80%. Analysts expect that OFS Capital Corp will post $1.51 EPS for the current fiscal year.
Several research firms recently issued reports on OFS. Ladenburg Thalmann Financial Services raised OFS Capital Corp from a “neutral” rating to a “buy” rating in a research note on Monday, March 27th. Langenberg & Company raised OFS Capital Corp from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Monday, March 27th. National Securities lifted their price objective on OFS Capital Corp from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, March 20th. Finally, Zacks Investment Research raised OFS Capital Corp from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Saturday, March 18th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $15.00.
OFS Capital Corp 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.