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. It 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 may make investments directly or through OFS SBIC I, LP (SBIC I LP), its investment company subsidiary. It focuses on investments in loans, in which OFS Advisor's investment professionals have expertise, including investments in first-lien, unitranche, second-lien, and mezzanine loans and, to a lesser extent, on warrants and other equity securities. The Company's investment activities are managed by OFS Capital Management, LLC (OFS Advisor).
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Closed End Funds
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NASDAQ:OFS
- CUSIP: 67103B10
- Web: www.ofscapital.com
- Market Cap: $187.53 million
- Outstanding Shares: 13,328,000
- 50 Day Moving Avg: $14.17
- 200 Day Moving Avg: $14.24
- 52 Week Range: $12.25 - $15.23
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 9.44
- P/E Growth: 1.48
- Annual Dividend: $1.36
- Dividend Yield: 9.7%
- Net Margins: 52.47%
- Return on Equity: 9.63%
- Return on Assets: 4.60%
- Debt-to-Equity Ratio: 1.09%
- Current Ratio: 13.97%
- Quick Ratio: 13.97%
- Average Volume: 148,944 shs.
- Beta: 0.46
Frequently Asked Questions for OFS Capital Corporation (NASDAQ:OFS)
What is OFS Capital Corporation's stock symbol?
OFS Capital Corporation trades on the NASDAQ under the ticker symbol "OFS."
How often does OFS Capital Corporation pay dividends? What is the dividend yield for OFS Capital Corporation?
OFS Capital Corporation declared a quarterly dividend on Monday, May 8th. Shareholders of record on Friday, June 16th will be paid a dividend of $0.34 per share on Friday, June 30th. This represents a $1.36 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date is Wednesday, June 14th. View OFS Capital Corporation's Dividend History.
How were OFS Capital Corporation's earnings last quarter?
OFS Capital Corporation (NASDAQ:OFS) issued its quarterly earnings results on Friday, May, 5th. The company reported $0.37 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.37. The firm had revenue of $8.03 million for the quarter, compared to the consensus estimate of $8.20 million. OFS Capital Corporation had a net margin of 52.47% and a return on equity of 9.63%. View OFS Capital Corporation's Earnings History.
When will OFS Capital Corporation make its next earnings announcement?
Where is OFS Capital Corporation's stock going? Where will OFS Capital Corporation's stock price be in 2017?
5 brokerages have issued 1 year price objectives for OFS Capital Corporation's stock. Their predictions range from $12.00 to $16.00. On average, they anticipate OFS Capital Corporation's share price to reach $14.75 in the next year. View Analyst Ratings for OFS Capital Corporation.
What are analysts saying about OFS Capital Corporation stock?
Here are some recent quotes from research analysts about OFS Capital Corporation stock:
- 1. 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. " (5/11/2017)
- 2. National Securities analysts commented, "• OFS posted NII/share of $0.37, matching both consensus and our own estimate and exceeding its dividend by $0.03/share. We expect the lag on earnings from the sizable equity offering in 2Q17 will weigh on NII/share in 2Q17 and 3Q17 but expect earnings thereafter to improve through 2018 aided by increased balance leverage and cheaper capital due to our estimate of an unsecured note issuance in 2018.
• NAV/share increased to $14.98 from $14.82 Q/Q driving an annualized economic return of 13.5%. We model the company to post Y/Y improved economic returns in both 2017 and 2018 as a result of what we expect will be stable-to-improving NAV/share induced by sound credit quality and an over-earned dividend.
• Credit quality remains very strong art OFS, with non-accruals totaling $7.6 million or 3.0% of the portfolio at amortized cost. Community Intervention Services remains the sole non-accrual the past several quarters.
• We expect origination volume to pick up meaningfully in 2H17 as it usually does for OFS. We anticipate the company has the potential to grow its portfolio substantially through the remainder of 2017 and 2018 although we expect the company to exercise caution with underwriting and not put money to work too hastily.
• We are revising our 2017 adjusted NII/share estimate to $1.43 from $1.47 from and our 2018 adjusted NII/share estimate to $1.54 from $1.57. We are maintaining our price target of $16." (5/9/2017)
Who are some of OFS Capital Corporation's key competitors?
Some companies that are related to OFS Capital Corporation include Eagle Point Credit Company (ECC), Medley Capital Corporation (MCC), Gladstone Investment Corporation (GAIN), Solar Senior Capital (SUNS), WhiteHorse Finance (WHF), Invesco Bond Fund (VBF), Fifth Street Senior Floating Rate Corp. (FSFR), Capitala Finance Corp. (CPTA), Stellus Capital Investment Corporation (SCM), Alcentra Capital Corp. (ABDC), StoneCastle Financial Corp (BANX), Horizon Technology Finance Corporation (HRZN), KCAP Financial (KCAP), American Capital Senior Floating (ACSF), GSV Capital Corp (GSVC), Harvest Capital Credit Corporation (HCAP), GLI Finance Ltd (GLIF) and Andalas Energy and Power PLC (ADL).
Who are OFS Capital Corporation's key executives?
OFS Capital Corporation's management team includes the folowing people:
- Bilal Rashid, Chairman of the Board, Chief Executive Officer
- Jeffery A. Cerny, Chief Financial Officer, Treasurer, Corporate Secretary
- Jeffery S Owen, Chief Accounting Officer
- Eric P. Rubenfeld, Chief Compliance Officer
- Linda Schofield VanDenburgh, Corporate Secretary
- Robert J. Cresci, Lead Independent Director
- Marc I. Abrams, Independent Director
- Elaine E. Healy, Independent Director
Who owns OFS Capital Corporation stock?
OFS Capital Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Western Standard LLC (4.98%), Confluence Investment Management LLC (0.00%), Advisors Asset Management Inc. (4.04%), Punch & Associates Investment Management Inc. (2.16%), UBS Group AG (2.11%) and Ares Management LLC (1.86%). View Institutional Ownership Trends for OFS Capital Corporation.
Who sold OFS Capital Corporation stock? Who is selling OFS Capital Corporation stock?
Who bought OFS Capital Corporation stock? Who is buying OFS Capital Corporation stock?
OFS Capital Corporation's stock was bought by a variety of institutional investors in the last quarter, including Western Standard LLC, Muzinich & Co. Inc., Mckinley Capital Management LLC Delaware, Ares Management LLC, Confluence Investment Management LLC, Yakira Capital Management Inc., Advisors Asset Management Inc. and Morgan Stanley. View Insider Buying and Selling for OFS Capital Corporation.
How do I buy OFS Capital Corporation stock?
Shares of OFS Capital Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is OFS Capital Corporation's stock price today?
MarketBeat Community Rating for OFS Capital Corporation (NASDAQ OFS)MarketBeat's community ratings are surveys of what our community members think about OFS Capital Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of OFS Capital Corporation stock can currently be purchased for approximately $13.97.
Consensus Ratings for OFS Capital Corporation (NASDAQ:OFS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.60)|
|Consensus Price Target: ||$14.75 (5.58% upside)|
Analysts' Ratings History for OFS Capital Corporation (NASDAQ:OFS)
(Data available from 6/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|5/9/2017||National Securities||Reiterated Rating||Buy||$16.00||Low|
|3/27/2017||Ladenburg Thalmann Financial Services||Upgrade||Neutral -> Buy||Low|
|3/27/2017||Langenberg & Company||Upgrade||Hold -> Buy||$16.00||Low|
|12/20/2016||Robert W. Baird||Initiated Coverage||Outperform||$15.00||N/A|
|11/7/2016||Barclays PLC||Reiterated Rating||Sell||$12.00||N/A|
|4/27/2016||Janney Montgomery Scott||Upgrade||Neutral -> Buy||N/A|
Earnings History for OFS Capital Corporation (NASDAQ:OFS)Earnings History by Quarter for OFS Capital Corporation (NASDAQ OFS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017|| || || || || || || || |
|5/5/2017||Q1 2017||$0.37||$0.37||$8.20 million||$8.03 million||View||N/A|
|3/15/2017||Q4 2016||$0.36||$0.39||$7.73 million||$8.21 million||View||N/A|
|11/4/2016||Q316||$0.37||$0.34||$7.80 million||$7.36 million||View||N/A|
|8/5/2016||Q216||$0.35||$0.36||$8.05 million||$7.68 million||View||N/A|
|5/6/2016||Q116||$0.37||$0.38||$7.79 million||$7.84 million||View||N/A|
|3/11/2016||Q415||$0.34||$0.46||$7.41 million||$8.87 million||View||Listen|
|11/6/2015||Q315||$0.33||$0.38||$7.89 million||$7.69 million||View||N/A|
|8/7/2015||Q215||$0.31||$0.28||$7.86 million||$8.08 million||View||N/A|
|5/8/2015||$0.30||$0.29||$7.81 million||$7.62 million||View||N/A|
|3/6/2015||Q414||$0.30||$0.28||$4.34 million||$6.95 million||View||N/A|
|11/7/2014||Q314||$0.28||$0.40||$4.75 million||$6.20 million||View||N/A|
|8/8/2014||Q214||$0.27||$0.22||$5.02 million||$4.66 million||View||N/A|
|5/9/2014||$0.18||$0.15||$5.20 million||$5.01 million||View||N/A|
Earnings Estimates for OFS Capital Corporation (NASDAQ:OFS)
Current Year EPS Consensus Estimate: $1.35 EPS
Next Year EPS Consensus Estimate: $1.48 EPS
Current Dividend Information for OFS Capital Corporation (NASDAQ:OFS)
|Payout Ratio:||80.00% (Trailing 12 Months of Earnings) |
100.74% (Based on This Year's Estimates)
91.89% (Based on Next Year's Estimates)
Dividend History by Quarter for OFS Capital Corporation (NASDAQ OFS)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for OFS Capital Corporation (NASDAQ:OFS)
Insider Ownership Percentage: 0.02%Insider Trades by Quarter for OFS Capital Corporation (NASDAQ:OFS)
Institutional Ownership Percentage: 26.21%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/31/2015||Eric P. Rubenfeld||major shareholder||Sell||1,000||$11.02||$11,020.00|| |
|8/27/2014||Glenn R Pittson||Director||Buy||22,965||$12.75||$292,803.75|| |
|6/4/2014||Glenn R Pittson||CEO||Buy||12,100||$12.75||$154,275.00|| |
|5/23/2014||Glenn R Pittson||CEO||Buy||2,700||$12.58||$33,966.00|| |
|5/21/2014||Glenn Pittson||CEO||Buy||26,266||$12.66||$332,527.56|| |
|12/13/2013||Glenn Pittson||CEO||Buy||7,000||$12.40||$86,800.00|| |
|12/12/2013||Eric Rubenfeld||Insider||Buy||1,000||$12.46||$12,460.00|| |
|12/11/2013||Glenn Pittson||CEO||Buy||17,500||$12.50||$218,750.00|| |
|12/10/2013||Marc Abrams||Director||Buy||2,000||$12.50||$25,000.00|| |
Headline Trends for OFS Capital Corporation (NASDAQ:OFS)
Latest Headlines for OFS Capital Corporation (NASDAQ:OFS)
|OFS Capital Corporation (OFS) Receives Average Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - June 12 at 10:12 AM
|Zacks: Brokerages Anticipate OFS Capital Corp (OFS) Will Post Quarterly Sales of $8.53 Million|
www.americanbankingnews.com - June 9 at 1:50 PM
|OFS Capital: An Attractive BDC|
seekingalpha.com - June 8 at 9:37 AM
|OFS Capital Corp (OFS) Expected to Announce Earnings of $0.30 Per Share|
www.americanbankingnews.com - June 7 at 12:20 PM
|OFS Capital Corp (OFS) Receives Average Rating of "Hold" from Analysts|
www.americanbankingnews.com - May 16 at 11:08 AM
| Analysts Expect OFS Capital Corp (OFS) Will Announce Quarterly Sales of $8.53 Million|
www.americanbankingnews.com - May 13 at 8:00 AM
|OFS Capital Corp (OFS) Stock Rating Lowered by Zacks Investment Research|
www.americanbankingnews.com - May 11 at 8:00 AM
|OFS Capital Corp (OFS) Given Buy Rating at National Securities|
www.americanbankingnews.com - May 9 at 8:12 AM
|OFS Capital Corp Plans Quarterly Dividend of $0.34 (OFS)|
www.americanbankingnews.com - May 8 at 6:20 PM
|OFS Capital Corp (OFS) Releases Earnings Results, Hits Expectations|
www.americanbankingnews.com - May 8 at 3:18 PM
|OFS Capital's (OFS) CEO Bilal Rashid on Q1 2017 Results - Earnings Call Transcript|
seekingalpha.com - May 7 at 9:04 AM
|Edited Transcript of OFS earnings conference call or presentation 5-May-17 1:00pm GMT|
finance.yahoo.com - May 6 at 12:17 AM
|BRIEF-OFS Capital Corp reports Q1 adjusted net investment income per share $0.37|
www.reuters.com - May 5 at 8:59 AM
|Investor Network: OFS Capital Corp. to Host Earnings Call|
finance.yahoo.com - May 5 at 8:59 AM
|OFS Capital Corporation Announces First Quarter Financial Results|
finance.yahoo.com - May 5 at 8:59 AM
|OFS Capital posts 1Q profit|
finance.yahoo.com - May 5 at 8:59 AM
|OFS Capital Corp (OFS) Getting Favorable Media Coverage, Analysis Finds|
www.americanbankingnews.com - May 3 at 11:20 AM
|OFS Capital Corp (OFS) Set to Announce Quarterly Earnings on Friday|
www.americanbankingnews.com - May 3 at 9:58 AM
|OFS Capital Corporation Announces Date for Its First Quarter 2017 Earnings Release and Conference Call|
finance.yahoo.com - May 1 at 12:07 PM
|OFS Capital Corp (OFS) Given Daily News Sentiment Rating of 0.69|
www.americanbankingnews.com - April 30 at 9:26 AM
|OFS Capital Corp (OFS) Getting Somewhat Favorable Media Coverage, Report Shows|
www.americanbankingnews.com - April 27 at 11:50 PM
|Somewhat Positive News Coverage Likely to Impact OFS Capital Corp (OFS) Share Price|
www.americanbankingnews.com - April 24 at 9:28 PM
| Analysts Expect OFS Capital Corp (OFS) Will Post Quarterly Sales of $8.2 Million|
www.americanbankingnews.com - April 22 at 7:49 AM
|OFS Capital Corp (OFS) Receiving Somewhat Favorable Press Coverage, Study Shows|
www.americanbankingnews.com - April 21 at 9:52 PM
|OFS Capital Corp (OFS) Receives Consensus Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - April 21 at 12:24 PM
|Zacks: Analysts Anticipate OFS Capital Corp (OFS) Will Announce Earnings of $0.37 Per Share|
www.americanbankingnews.com - April 20 at 10:21 PM
|OFS Capital Corp (OFS) Getting Favorable Press Coverage, Report Shows|
www.americanbankingnews.com - April 18 at 11:54 AM
|50 Top-Yield Financial-Services Dogs Dominated By Asset-Management Firms In April|
seekingalpha.com - April 15 at 5:51 PM
|OFS Capital Corp (OFS) Getting Very Positive Press Coverage, Study Finds|
www.americanbankingnews.com - April 13 at 8:20 AM
|OFS Capital Corp (OFS) Sees Large Increase in Short Interest|
www.americanbankingnews.com - April 4 at 1:37 PM
|OFS Capital Corp (OFS) Stock Rating Reaffirmed by National Securities|
www.americanbankingnews.com - April 3 at 11:30 AM
|Pre-Open Stock Movers|
www.streetinsider.com - March 30 at 7:16 PM
|OFS Capital Prices Common Stock Offering at $14.57; Shares Fall 5.6%|
www.nasdaq.com - March 30 at 7:16 PM
|9:04 am OFS Capital prices 3.5 mln common stock offering at $14.57/share|
us.rd.yahoo.com - March 30 at 7:16 PM
|BRIEF-OFS Capital Corp commences offering of 3,500,000 shares of common stock|
www.reuters.com - March 29 at 7:43 PM
|After-Hours Stock Movers 03/29: (EXTR) (PRGS) (COP) Higher; (LULU) (TNXP) (CVE) Lower (more...)|
www.streetinsider.com - March 29 at 7:43 PM
|OFS Capital Corporation Commences Offering of 3,500,000 Shares of Common Stock|
finance.yahoo.com - March 29 at 7:43 PM
|4:25 pm OFS Capital commences an underwritten offering of 3,500,000 shares of its common stock|
finance.yahoo.com - March 29 at 7:43 PM
|OFS Capital upgraded by Ladenburg Thalmann|
us.rd.yahoo.com - March 27 at 6:28 PM
|Langenberg & Company Upgrades OFS Capital Corp (OFS) to Buy|
www.americanbankingnews.com - March 27 at 5:45 PM
|Could Schlumberger-Weatherford Joint Venture Lead To All-Out Merger?|
www.forbes.com - March 27 at 9:58 AM
|OFS Capital Corp (OFS) Upgraded at Ladenburg Thalmann Financial Services|
www.americanbankingnews.com - March 27 at 9:26 AM
|OFS CAPITAL CORP Financials|
finance.yahoo.com - March 21 at 6:52 PM
|National Securities Raises OFS Capital Corp (OFS) Price Target to $16.00|
www.americanbankingnews.com - March 20 at 7:54 PM
|OFS Capital Corp (OFS) Lifted to Buy at Zacks Investment Research|
www.americanbankingnews.com - March 18 at 8:46 AM
|OFS Capital Corp (OFS) Issues Earnings Results, Beats Estimates By $0.03 EPS|
www.americanbankingnews.com - March 16 at 10:43 AM
|Edited Transcript of OFS earnings conference call or presentation 15-Mar-17 2:00pm GMT|
finance.yahoo.com - March 16 at 12:13 AM
|OFS Capital's (OFS) CEO Bilal Rashid on Q4 2016 Results - Earnings Call Transcript|
seekingalpha.com - March 15 at 7:09 PM
|BRIEF-OFS Capital Q4 net investment income $0.39 per share|
www.reuters.com - March 15 at 7:09 PM
|Q4 2016 OFS Capital Corp Earnings Release - Before Market Open|
us.rd.yahoo.com - March 15 at 9:40 AM
OFS Capital Corporation (OFS) Chart for Saturday, June, 24, 2017