OFS Capital Corporation (OFS) on Focus After Forming Wedge Up

September 16, 2018 - By Palma Niemeyer

Investors sentiment decreased to 0.62 in 2018 Q2. Its down 0.38, from 1 in 2018Q1. It dived, as 3 investors sold OFS Capital Corporation shares while 10 reduced holdings. 5 funds opened positions while 3 raised stakes. 2.04 million shares or 23.33% less from 2.66 million shares in 2018Q1 were reported.
Moreover, Morgan Stanley has 0% invested in OFS Capital Corporation (NASDAQ:OFS) for 166,524 shares. Stifel Financial holds 16,159 shares or 0% of its portfolio. Mckinley Cap Mgmt Limited Liability Com Delaware reported 98,522 shares or 0.07% of all its holdings. Janney Montgomery Scott Limited Liability reported 102,070 shares. Jpmorgan Chase And Company stated it has 165,402 shares. Axa reported 10,200 shares. Shikiar Asset Mgmt Inc holds 10,250 shares or 0.05% of its portfolio. Lsv Asset Mngmt has invested 0% in OFS Capital Corporation (NASDAQ:OFS). Freestone Cap Holdg Ltd holds 0.02% or 233,542 shares in its portfolio. Muzinich Incorporated accumulated 345,727 shares. Yakira Cap Mgmt has 25,172 shares. Us Bank & Trust De accumulated 0% or 2,350 shares. Asset invested in 0.07% or 9,277 shares. Fincl Bank Of America Corp De reported 0% stake. Manufacturers Life Ins Com The holds 0% or 666 shares.

The stock of OFS Capital Corporation (OFS) formed an up wedge with $13.26 target or 7.00 % above today’s $12.39 share price. The 7 months wedge indicates low risk for the $165.41 million company. If the $13.26 price target is reached, the company will be worth $11.58 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 1.82% or $0.23 during the last trading session, reaching $12.39. About 44,845 shares traded or 2.04% up from the average. OFS Capital Corporation (NASDAQ:OFS) has declined 2.41% since September 16, 2017 and is downtrending. It has underperformed by 18.03% the S&P500.

Analysts await OFS Capital Corporation (NASDAQ:OFS) to report earnings on November, 2. They expect $0.34 EPS, up 3.03 % or $0.01 from last year’s $0.33 per share. OFS’s profit will be $4.54M for 9.11 P/E if the $0.34 EPS becomes a reality. After $0.34 actual EPS reported by OFS Capital Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

OFS Capital Corporation is a business development firm specializing in direct and fund investments as well as add-on acquisitions. The company has market cap of $165.41 million. It does not invest in operational turnarounds or start-up businesses. It has a 25.23 P/E ratio. For direct, it specializes in debt and structured equity investments, recapitalizations and refinancing, management and leveraged buyouts, acquisition financings, shareholder liquidity events, growth capital, independent sponsor transactions, ESOPs, and minority investments in the lower middle market companies.

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