OFS Capital (NASDAQ:OFS) Share Price Crosses Below 200 Day Moving Average – What’s Next?

OFS Capital Co. (NASDAQ:OFS)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.21 and traded as low as $8.05. OFS Capital shares last traded at $8.13, with a volume of 26,211 shares changing hands.

OFS Capital Trading Up 0.9 %

The company’s fifty day simple moving average is $8.20 and its two-hundred day simple moving average is $8.21. The company has a market capitalization of $108.93 million, a price-to-earnings ratio of -90.32 and a beta of 1.75. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its position in shares of OFS Capital by 783.4% during the third quarter. International Assets Investment Management LLC now owns 1,180,017 shares of the investment management company’s stock worth $9,971,000 after purchasing an additional 1,046,440 shares during the period. Jane Street Group LLC acquired a new stake in OFS Capital during the 3rd quarter worth approximately $115,000. Sanctuary Advisors LLC acquired a new stake in OFS Capital during the 2nd quarter worth approximately $114,000. Finally, Arkadios Wealth Advisors lifted its stake in OFS Capital by 7.7% in the fourth quarter. Arkadios Wealth Advisors now owns 88,293 shares of the investment management company’s stock valued at $713,000 after buying an additional 6,332 shares in the last quarter. 10.81% of the stock is owned by institutional investors and hedge funds.

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.