Stock of the Day: Could OFS Capital Corp See a Reversal After This Very Strong Session?

Stock of the Day: Could OFS Capital Corp See a Reversal After This Very Strong Session?

The stock of OFS Capital Corp (NASDAQ:OFS) is a huge mover today! The stock increased 5.14% or $0.67 on October 3, hitting $13.7. About 102,095 shares traded hands or 224.41% up from the average. OFS Capital Corp (NASDAQ:OFS) has risen 18.24% since February 29, 2016 and is uptrending. It has outperformed by 6.02% the S&P500.
The move comes after 8 months positive chart setup for the $131.60 million company. It was reported on Oct, 4 by Barchart.com. We have $29.87 PT which if reached, will make NASDAQ:OFS worth $155.29 million more.

Analysts await OFS Capital Corp (NASDAQ:OFS) to report earnings on November, 4. They expect $0.37 EPS, down 2.63% or $0.01 from last year’s $0.38 per share. OFS’s profit will be $3.55 million for 9.26 P/E if the $0.37 EPS becomes a reality. After $0.36 actual EPS reported by OFS Capital Corp for the previous quarter, Wall Street now forecasts 2.78% EPS growth.

According to Zacks Investment Research, “OFS Capital Corporation is a closed-end, non-diversified management investment company. It is engaged in providing capital to North American middle market companies. Its investment objective is to provide its stockholders with both current income and capital appreciation primarily through debt investments and equity investments in asset classes including senior secured, unitranche, second-lien and mezzanine loans.”

Insitutional Activity: The institutional sentiment increased to 8.33 in 2016 Q2. Its up 7.00, from 1.33 in 2016Q1. The ratio improved, as 0 funds sold all OFS Capital Corp shares owned while 3 reduced positions. 10 funds bought stakes while 15 increased positions. They now own 3.91 million shares or 195.38% more from 1.32 million shares in 2016Q1.
Hillsdale Investment Inc accumulated 64,700 shares or 0.24% of the stock. Orinda Asset Management Limited Liability holds 0.11% of its portfolio in OFS Capital Corp (NASDAQ:OFS) for 7,928 shares. Creative Planning holds 0% of its portfolio in OFS Capital Corp (NASDAQ:OFS) for 1,300 shares. Gsa Cap Llp holds 0.01% of its portfolio in OFS Capital Corp (NASDAQ:OFS) for 17,300 shares. Us State Bank De reported 2,350 shares or 0% of all its holdings. Citigroup holds 0% of its portfolio in OFS Capital Corp (NASDAQ:OFS) for 3,593 shares. Walleye Trading Ltd Company reported 900 shares or 0% of all its holdings. Asset Mngmt last reported 0.09% of its portfolio in the stock. The Pennsylvania-based Janney Montgomery Scott has invested 0.02% in OFS Capital Corp (NASDAQ:OFS). The New York-based Goldman Sachs Group has invested 0% in OFS Capital Corp (NASDAQ:OFS). Morgan Stanley last reported 141,449 shares in the company. Freestone Ltd Co holds 138,411 shares or 0.17% of its portfolio. Moreover, Sei has 0% invested in OFS Capital Corp (NASDAQ:OFS) for 58 shares. Deutsche Bank & Trust Ag holds 0% or 3,758 shares in its portfolio. Tower Rech Limited Com (Trc) last reported 35 shares in the company.

More recent OFS Capital Corp (NASDAQ:OFS) news were published by: Marketwatch.com which released: “OFS Capital upgraded to buy from neutral at Janney Montgomery Scott” on December 13, 2012. Also Businesswire.com published the news titled: “OFS Capital Corporation Announces Date for Its Second Quarter 2016 Earnings …” on July 22, 2016. Bizjournals.com‘s news article titled: “Morrisville’s Etix undergoes management-led buyout” with publication date: December 15, 2015 was also an interesting one.

OFS Company Profile

OFS Capital Corporation (OFS Capital), incorporated on March 20, 2001, 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. The Firm may make investments directly or through OFS SBIC I, LP (SBIC I LP), its investment firm subsidiary.

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