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UPDATE: Oppenheimer Holdings Initiates Coverage on OFS Capital Corp. with Outperform Rating, $16 PT

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In a report published Monday, Oppenheimer Holdings initiated coverage on OFS Capital Corp. (NASDAQ: OFS) with an Outperform rating and $16.00 price target.

Oppenheimer Holdings noted, “We are initiating coverage of OFS with an Outperform rating and a $16 price target. We think OFS not only benefits from the industry tailwinds (which we talk about in the accompanying report titled The Case for BDCs) but that it also benefits from its diverse portfolio, its SBA license as well as its smaller loan size and management's 30% ownership. With OFS, investors are getting two different income streams: A stable senior secured loan portfolio augmented by growth through an SBIC entity. We think this will generate an initial dividend yield of 9.6% rising to 10.6%.”

OFS Capital Corp. closed on Friday at $14.11.

Latest Ratings for OFS

DateFirmActionFromTo
Dec 2016BairdInitiates Coverage OnOutperform
Apr 2016Janney CapitalUpgradesNeutralBuy
May 2015BarclaysMaintainsUnderweight

View More Analyst Ratings for OFS
View the Latest Analyst Ratings

Posted-In: Oppenheimer HoldingsAnalyst Color Initiation Analyst Ratings

 

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