About OFS Capital (NASDAQ:OFS)
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
Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNASDAQ:OFS
CUSIP67103B10
Phone847-734-2000
Debt
Debt-to-Equity Ratio0.88%
Current Ratio19.34%
Quick Ratio19.34%
Price-To-Earnings
Trailing P/E Ratio8.38
Forward P/E Ratio8.41
P/E GrowthN/A
Sales & Book Value
Annual Sales$33.43 million
Price / Sales4.30
Cash Flow$1.1313 per share
Price / Cash9.52
Book Value$14.12 per share
Price / Book0.76
Profitability
EPS (Most Recent Fiscal Year)$1.28
Net Income$7.90 million
Net Margins23.66%
Return on Equity8.89%
Return on Assets4.63%
Miscellaneous
Employees45
Outstanding Shares13,340,000
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 special dividend on Tuesday, February 13th. Stockholders of record on Thursday, March 22nd will be given a dividend of $0.71 per share on Thursday, March 29th. This represents a dividend yield of 11.82%. The ex-dividend date is Wednesday, March 21st. View OFS Capital's Dividend History.
How were OFS Capital's earnings last quarter?
OFS Capital (NASDAQ:OFS) posted its quarterly earnings results on Friday, March, 2nd. The investment management company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by $0.03. The investment management company had revenue of $8.29 million for the quarter, compared to analysts' expectations of $9.02 million. OFS Capital had a return on equity of 8.89% and a net margin of 23.66%. View OFS Capital's Earnings History.
When is OFS Capital's next earnings date?
What price target have analysts set for OFS?
2 equities research analysts have issued 12 month price objectives for OFS Capital's stock. Their forecasts range from $13.00 to $15.00. On average, they expect OFS Capital's share price to reach $14.00 in the next twelve months. 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. 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. " (3/16/2018)
- 2. National Securities analysts commented, "• OFS posted adjusted NII/share of $0.29 versus our estimate of $0.33 and the quarterly dividend of $0.34. The company had originations of $28.2 million on the quarter versus sales and repayments of $48.1 million and thus cash balances built up materially, causing a drag on earnings.
• Management announced on the earnings call that they expect earnings to be below the dividend in 1Q18, although we expect adjusted NII/share to improve to $0.32 from $0.29 sequentially Q/Q and then expect the dividend to be out-earned in 2Q18. Additionally, management noted that as of 3/2/18 originations QTD totaled a substantial $44.4 million and prepayments had slowed. There is usually somewhat of a quarterly lag on originations, depending on the timing of closings on new deals, and thus we expect the full interest income pull-through to occur in 2Q18.
• During 4Q17, the company realized sizable gains on both Malabar International and smarTours, LLC which induced the company to declare a $0.37/share special dividend in 1Q18. Non-accruals at cost increased Q/Q to $11.1 million or 3.8% of the portfolio from $7.6 million of 2.5% of the portfolio with the addition of Southern Technical Institute to non-accrual with a cost of $3.5 million.
• Management continues to indicate that a debt offering is in the works, and we beg management to heed our calls: please do not issue equity with low D/E like last year, let balance sheet leverage ramp, and improve ROE and thus earnings. This is what investors will likely cheer.
• We are revising our 2018 adjusted NII/share estimate to $1.35 from $1.41 and are rolling out our 2019 adjusted NII/share estimate of $1.45." (3/13/2018)
Who are some of OFS Capital's key competitors?
Some companies that are related to OFS Capital include PennantPark Floating Rate (PFLT), PennantPark Investment (PNNT), Gladstone Investment (GAIN), Arlington Asset Investment (AI), Capital Southwest (CSWC), Safeguard Scientifics (SFE), Thl Credit (TCRD), Oaktree Strategic Income (OCSI), TriplePoint Venture Growth BDC (TPVG), Stellus Capital Inv (SCM), Elron Electronic Industries (ELRNF), Garrison Capital (GARS), Capitala Finance (CPTA), Kohlberg Capital (KCAP) and American Capital (ACSF).
Who are OFS Capital's key executives?
OFS Capital's management team includes the folowing people:
- Bilal Rashid, Chairman of the Board, Chief Executive Officer (Age 44)
- Jeffery A. Cerny, Chief Financial Officer, Treasurer, Corporate Secretary (Age 52)
- Jeffery S Owen, Chief Accounting Officer (Age 51)
- Eric P. Rubenfeld, Chief Compliance Officer (Age 44)
- Linda Schofield VanDenburgh, Corporate Secretary (Age 58)
- Robert J. Cresci, Lead Independent Director (Age 73)
- Marc I. Abrams, Independent Director (Age 69)
- Elaine E. Healy, Independent Director (Age 52)
Has OFS Capital been receiving favorable news coverage?
Media stories about OFS stock have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. OFS Capital earned a daily sentiment score of 0.24 on Accern's scale. They also assigned press coverage about the investment management company an impact score of 46.05 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
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 $10.77.
How big of a company is OFS Capital?
OFS Capital has a market capitalization of $144.61 million and generates $33.43 million in revenue each year. The investment management company earns $7.90 million in net income (profit) each year or $1.28 on an earnings per share basis. OFS Capital employs 45 workers across the globe.
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 [email protected]
MarketBeat Community Rating for OFS Capital (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.
OFS Capital (NASDAQ:OFS) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
2 Wall Street analysts have issued ratings and price targets for OFS Capital in the last 12 months. Their average twelve-month price target is $14.00, suggesting that the stock has a possible upside of 29.99%. The high price target for OFS is $15.00 and the low price target for OFS is $13.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.50 | 2.75 | 2.75 | 2.40 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $14.00 | $14.6667 | $14.6667 | $14.25 |
| Price Target Upside: | 29.99% upside | 21.82% upside | 14.94% upside | 4.32% upside |
OFS Capital (NASDAQ:OFS) Consensus Price Target History
OFS Capital (NASDAQ:OFS) Analyst Ratings History
Show:
(Data available from 4/24/2016 forward)
OFS Capital (NASDAQ:OFS) Dividend Information
OFS Capital pays an annual dividend of $1.36 per share, with a dividend yield of 12.63%. OFS's most recent special dividend payment was Thursday, March 29. OFS Capital pays out 106.25% of its earnings out as a dividend.
| Most Recent Dividend: | 3/29/2018 |
| Annual Dividend: | $1.36 |
| Dividend Yield: | 12.63% |
| Payout Ratio: | 106.25% (Trailing 12 Months of Earnings)
106.25% (Based on This Year's Estimates)
98.55% (Based on Next Year's Estimates)
|
OFS Capital (NASDAQ:OFS) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/13/2018 | special | $0.71 | 11.82% | 3/21/2018 | 3/22/2018 | 3/29/2018 |
| 11/6/2017 | quarterly | $0.34 | 10.79% | 12/14/2017 | 12/15/2017 | 12/29/2017 |
| 8/4/2017 | Quarterly | $0.34 | 10.15% | 9/14/2017 | 9/15/2017 | 9/29/2017 |
| 5/8/2017 | quarterly | $0.34 | 9.55% | 6/14/2017 | 6/16/2017 | 6/30/2017 |
| 3/15/2017 | quarterly | $0.34 | 9.1% | 3/15/2017 | 3/17/2017 | 3/31/2017 |
| 11/8/2016 | quarterly | $0.34 | 10.87% | 12/14/2016 | 12/16/2016 | 12/30/2016 |
| 8/8/2016 | quarterly | $0.34 | 10.04% | 9/14/2016 | 9/16/2016 | 9/30/2016 |
| 5/10/2016 | quarterly | $0.34 | 10.23% | 6/14/2016 | 6/16/2016 | 6/30/2016 |
| 3/11/2016 | quarterly | $0.34 | 11.1% | 3/15/2016 | 3/17/2016 | 3/31/2016 |
| 11/10/2015 | quarterly | $0.34 | 12.4% | 12/15/2015 | 12/17/2015 | 12/31/2015 |
| 8/11/2015 | quarterly | $0.34 | 12.07% | 9/14/2015 | 9/16/2015 | 9/30/2015 |
| 5/11/2015 | quarterly | $0.34 | 11.1% | 6/12/2015 | 6/16/2015 | 6/30/2015 |
| 3/6/2015 | quarterly | $0.34 | 11.02% | 3/13/2015 | 3/17/2015 | 3/31/2015 |
| 11/7/2014 | quarterly | $0.34 | 11.63% | 12/15/2014 | 12/17/2014 | 12/31/2014 |
| 8/8/2014 | quarterly | $0.34 | 10.79% | 9/12/2014 | 9/16/2014 | 9/30/2014 |
| 5/12/2014 | quarterly | $0.34 | 10.97% | 6/12/2014 | 6/16/2014 | 6/30/2014 |
| 1/21/2014 | quarterly | $0.34 | 10.26% | 1/29/2014 | 1/31/2014 | 2/14/2014 |
| 9/25/2013 | quarterly | $0.34 | 10.85% | 10/15/2013 | 10/17/2013 | 10/31/2013 |
| 6/25/2013 | quarterly | $0.34 | 11.74% | 7/15/2013 | 7/17/2013 | 7/31/2013 |
| 3/26/2013 | quarterly | $0.34 | 9.58% | 4/15/2013 | 4/17/2013 | 4/30/2013 |
(Data available from 1/1/2013 forward)
OFS Capital (NASDAQ OFS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.02%
Institutional Ownership Percentage: 26.68%
OFS Capital (NASDAQ OFS) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After 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 | 42,266 | |
| 12/13/2013 | Glenn Pittson | CEO | Buy | 7,000 | $12.40 | $86,800.00 | 20,000 | |
| 12/12/2013 | Eric Rubenfeld | Insider | Buy | 1,000 | $12.46 | $12,460.00 | 1,000 | |
| 12/11/2013 | Glenn Pittson | CEO | Buy | 17,500 | $12.50 | $218,750.00 | 15,000 | |
| 12/10/2013 | Marc Abrams | Director | Buy | 2,000 | $12.50 | $25,000.00 | 2,000 | |
(Data available from 1/1/2013 forward)
OFS Capital (NASDAQ OFS) News Headlines
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OFS Capital (NASDAQ:OFS) SEC Filings
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OFS Capital (NASDAQ:OFS) Income Statement, Balance Sheet and Cash Flow Statement
OFS Capital (NASDAQ OFS) Stock Chart for Tuesday, April, 24, 2018
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