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
Stock Exchange NASDAQ
Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNASDAQ:OFS
CUSIP67103B10
Phone847-734-2000
Debt
Debt-to-Equity Ratio1.03
Current Ratio11.79
Quick Ratio11.79
Price-To-Earnings
Trailing P/E Ratio9.09
Forward P/E Ratio9.09
P/E GrowthN/A
Sales & Book Value
Annual Sales$33.43 million
Price / Sales4.65
Cash Flow$1.1367 per share
Price / Cash10.24
Book Value$14.12 per share
Price / Book0.82
Profitability
EPS (Most Recent Fiscal Year)$1.28
Net Income$7.90 million
Net Margins19.01%
Return on Equity8.71%
Return on Assets4.55%
Miscellaneous
Employees45
Outstanding Shares13,350,000
Market Cap$155.65
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 announced a quarterly dividend on Monday, May 7th. Shareholders of record on Friday, June 22nd will be paid a dividend of $0.34 per share on Friday, June 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.68%. The ex-dividend date of this dividend is Thursday, June 21st. View OFS Capital's Dividend History.
How were OFS Capital's earnings last quarter?
OFS Capital Corp (NASDAQ:OFS) posted its earnings results on Friday, May, 4th. The investment management company reported $0.29 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.30 by $0.01. The investment management company had revenue of $9 million for the quarter, compared to analyst estimates of $8.73 million. OFS Capital had a net margin of 19.01% and a return on equity of 8.71%. View OFS Capital's Earnings History.
When is OFS Capital's next earnings date?
What price target have analysts set for OFS?
2 brokerages have issued 12-month target prices for OFS Capital's stock. Their forecasts range from $13.00 to $15.00. On average, they expect OFS Capital's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 20.3% from the stock's current price. View Analyst Ratings for OFS Capital.
What is the consensus analysts' recommendation for OFS Capital?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OFS Capital in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
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. " (7/10/2018)
- 2. National Securities analysts commented, "• For 1Q18, OFS earned adjusted NII/share of $0.29, significantly below our $0.32/share estimate and the $0.34/share quarterly dividend.
• OFS has not earned its quarterly dividend on an adjusted NII basis since 1Q17. With four quarters of under-earning its dividend, we expect that shareholders are growing weary of the consistent under-earning of the dividend.
• We asked management on the call if they would consider stock repurchases and a lookback feature given where the stock is trading despite asset quality that isn’t too bad. We got the cliché, “we’re always looking at all options” type of response. We do not think OFS management seems to quite understand why they are below 80% of NAV despite credit quality that is OK.
• Last quarter, OFS realized material gains on both Malabar International and smarTours, LLC which induced the company to declare a $0.37/share special dividend in 1Q18. This special dividend was the primary reason for the Q/Q NAV/share decline.
• OFS’s Board approved to increase the leverage authorization the week prior to the earnings release. However, the company finished 3/31/18 with regulatory D/E of only 0.22x. Our biggest fear would be OFS again taking poor advice to issue equity with such low regulatory D/E when it is not needed.
• We are revising our 2018 adjusted NII/share estimate to $1.31 from $1.35 and our 2019 adjusted NII/share estimate to $1.43 from $1.45." (5/8/2018)
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), Arlington Asset Investment (AI), THL Credit (TCRD), Safeguard Scientifics (SFE), Oaktree Strategic Income (OCSI), TRIPLEPOINT VEN/COM (TPVG), Stellus Capital Investment (SCM), Capitala Finance (CPTA), Garrison Capital (GARS), Amern Cap Sr Fl/COM (ACSF), KCAP Financial (KCAP) and CM Finance (CMFN).
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?
News stories about OFS stock have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than 20 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 media sentiment score of 0.06 on Accern's scale. They also gave press coverage about the investment management company an impact score of 45.67 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are OFS Capital's major shareholders?
Which major investors are selling 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 $11.64.
How big of a company is OFS Capital?
OFS Capital has a market capitalization of $155.65 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 (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.
