OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It does not invest in operational turnarounds or start-up businesses. 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. It invests in the aerospace and defense, business services, consumer products and services, food and beverage, health care services, specialty chemicals, transportation and logistics, value added distribution, franchising, and industrial and niche manufacturing sectors. The firm invests in companies based in United States. It seeks to invest between $5 million and $20 million, revenues between $10 million and $200 million, Annual EBITDA more than $3 million, and Enterprise value between $10 million and $500 million. The firm seeks to invest in companies with debt investment values between $5 million and $25 million. The fund uses senior secured, unitranche loans, first-lien, second-lien, subordinated/ mezzanine loans, warrants, and preferred equity securities and common equity securities. It prefers to take a minority stake in the investments made. It also co-invests with its partners for additional capital.
Industry, Sector and Symbol
Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone847-734-2000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$42.83 million
Profitability
Miscellaneous
Employees46
Next Earnings Date5/3/2019 (Estimated)
OptionableNot Optionable
OFS Capital (NASDAQ:OFS) Frequently Asked Questions
What is OFS Capital's stock symbol?
OFS Capital trades on the NASDAQ under the ticker symbol "OFS."
How often does OFS Capital pay dividends? What is the dividend yield for OFS Capital?
OFS Capital declared a quarterly dividend on Monday, March 11th. Shareholders of record on Friday, March 22nd will be given a dividend of $0.34 per share on Friday, March 29th. This represents a $1.36 annualized dividend and a yield of 11.18%. The ex-dividend date is Thursday, March 21st. View OFS Capital's Dividend History.
How were OFS Capital's earnings last quarter?
OFS Capital Corp (NASDAQ:OFS) issued its quarterly earnings results on Friday, March, 8th. The investment management company reported $0.40 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.34 by $0.06. The investment management company earned $12.57 million during the quarter, compared to the consensus estimate of $11.25 million. OFS Capital had a net margin of 22.35% and a return on equity of 10.16%. View OFS Capital's Earnings History.
When is OFS Capital's next earnings date?
What price target have analysts set for OFS?
1 brokers have issued 12-month price objectives for OFS Capital's shares. Their forecasts range from $15.00 to $15.00. On average, they expect OFS Capital's share price to reach $15.00 in the next year. This suggests a possible upside of 23.3% from the stock's current price. View Analyst Price Targets for OFS Capital.
What is the consensus analysts' recommendation for OFS Capital?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OFS Capital in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for OFS Capital.
What are Wall Street analysts saying about OFS Capital stock?
Here are some recent quotes from research analysts about OFS Capital stock:
- 1. National Securities analysts commented, " OFS posted NII/share of $0.40 for 4Q18, above our estimate of $0.37 and the quarterly dividend of $0.34. Notably, revenue was 6.7% higher than our forecast as prepayment-related income was $1.4mm on the quarter or $0.10/share.
NAV/share declined to $13.10 from $13.75 Q/Q and $14.12 Y/Y. However, there were no new non-accruals and we think that nearly the entire decline was attributable to wider credit spreads and mark-to-market. Given the rally in loan prices QTD we expect a good portion of this decline was recouped. Although OFS is mostly LMM, the company still marked down its portfolio and didn’t hide behind “insulation” as many of its UMM peers have done. We applaud the company on valuing its portfolio properly.
On the earnings call, management discussed the company entering into a new revolver that would be used for making loans to larger borrowers (greater than $25mm in EBITDA). We think this makes sense for OFS especially as the reduced asset coverage afforded to the company and significant SBA debentures will likely permit total D/E to go well above 2.00x.
We are not sure of the details of the revolver but we expect it to begin with a $125mm commitment with a lower spread over LIBOR and higher advance rates relative to the current revolver outstanding at OFS.
We are revising our 2019 NII/share estimate to $1.55 from $1.47 and rolling out our 2020 NII/share estimate of $1.68. We are maintaining our BUY rating and $15 price target." (3/18/2019)
- 2. 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. " (1/8/2019)
Has OFS Capital been receiving favorable news coverage?
News stories about OFS stock have been trending somewhat positive recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. OFS Capital earned a news sentiment score of 1.7 on InfoTrie's scale. They also gave news coverage about the investment management company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the company's share price in the next few days.
Who are some of OFS Capital's key competitors?
Some companies that are related to OFS Capital include Pennantpark Floating Rate Capital (PFLT), PennantPark Investment (PNNT), Gladstone Investment (GAIN), Capital Southwest (CSWC), Triplepoint Venture Growth BDC (TPVG), Stellus Capital Investment (SCM), Oaktree Strategic Income (OCSI), Arlington Asset Investment (AI), Safeguard Scientifics (SFE), THL Credit (TCRD), Capitala Finance (CPTA), Garrison Capital (GARS), Portman Ridge Finance (PTMN), KCAP Financial (KCAP) and CM Finance (CMFN).
What other stocks do shareholders of OFS Capital own?
Who are OFS Capital's key executives?
OFS Capital's management team includes the folowing people:
- Mr. Bilal Rashid, Chairman & CEO (Age 48)
- Mr. Jeffrey A. Cerny J.D., Treasurer & CFO (Age 56)
- Mr. Jeffery S. Owen, Chief Accounting Officer (Age 55)
- Mr. Stephen Altebrando, VP of Investor Relations
- Ms. Mukya S. Porter, Chief Compliance Officer (Age 45)
Who are OFS Capital's major shareholders?
Which institutional investors are buying OFS Capital stock?
How do I buy shares of OFS Capital?
Shares of OFS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is OFS Capital's stock price today?
One share of OFS stock can currently be purchased for approximately $12.17.
How big of a company is OFS Capital?
OFS Capital has a market capitalization of $162.59 million and generates $42.83 million in revenue each year. The investment management company earns $9.57 million in net income (profit) each year or $1.38 on an earnings per share basis. OFS Capital employs 46 workers across the globe.
What is OFS Capital's official website?
How can I contact OFS Capital?
OFS Capital's mailing address is 10 SOUTH WACKER DRIVE SUITE 2500, CHICAGO IL, 60606. The investment management company can be reached via phone at 847-734-2000 or via email at www.ofscapital.com.
MarketBeat Community Rating for OFS Capital (NASDAQ OFS)
MarketBeat's community ratings are surveys of what our community members think about OFS Capital and other stocks. Vote "Outperform" if you believe OFS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OFS will underperform the S&P 500 over the long term. You may vote once every thirty days.
