Ladenburg Thalmann Upgrades OFS Capital Corp to Buy

Brokerage firm Ladenburg Thalmann Upgrades its rating on OFS Capital Corp(OFS). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Ladenburg Thalmann was issued on Mar 27, 2017 in a research report to their Investors and Clients.

OFS Capital Corp (OFS) made into the market gainers list on Fridays trading session with the shares advancing 1.00% or 0.15 points. Due to strong positive momentum, the stock ended at $15.1, which is also near the day’s high of $15.22. The stock began the session at $15.02 and the volume stood at 34,139 shares. The 52-week high of the shares is $15.22 and the 52 week low is $11.83. The company has a current market capitalization of $146 M and it has 97,00,297 shares in outstanding.

OFS Capital Corp(OFS) last announced its earnings results on Mar 15, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $8.209M. Analysts had an estimated revenue of $7.730M. Earnings per share were $0.39. Analysts had estimated an EPS of $0.36.

Several Insider Transactions has been reported to the SEC. On Sep 2, 2015, Eric P. Rubenfeld (Chief Compliance Officer) sold 1,000 shares at $11.02 per share price.

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. OFS Capital’s investment strategy 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 Company’s investment strategy includes OFS SBIC I LP (SBIC I LP). OFS ( which refers to the activities and operations of Orchard First Source Asset Management LLC (OFSAM) and its subsidiaries and certain affiliates) is an investment platform focused on meeting the capital needs of middle-market companies. The Company’s investment activities are managed by OFS Capital Management LLC (OFS Advisor).

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