About OFS Capital Corporation (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: Closed End Funds
- Sub-Industry: Asset Management & Custody Banks
- Sector: Finance
- Symbol: NASDAQ:OFS
- CUSIP: 67103B10
- Web: www.ofscapital.com
- Debt-to-Equity Ratio: 0.87%
- Current Ratio: 18.38%
- Quick Ratio: 18.38%
Sales & Book Value:
- Trailing P/E Ratio: 8.65
- Forward P/E Ratio: 9.18
- Annual Sales: $31.09 million
- Price / Sales: 5.16
- Cash Flow: $1.38 per share
- Price / Cash: 8.69
- Book Value: $14.15 per share
- Price / Book: 0.85
- Annual Dividend: $1.36
- Dividend Yield: 11.3%
- Trailing EPS: $0.92
- Net Income: $13.82 million
- Net Margins: 25.74%
- Return on Equity: 9.43%
- Return on Assets: 4.79%
- Employees: 44
- Outstanding Shares: 13,340,000
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, November 6th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.34 per share on Friday, December 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.31%. The ex-dividend date is Thursday, December 14th. View OFS Capital Corporation's Dividend History.
How were OFS Capital Corporation's earnings last quarter?
OFS Capital Corporation (NASDAQ:OFS) posted its quarterly earnings data on Friday, November, 3rd. The investment management company reported $0.33 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.31 by $0.02. The investment management company earned $9.12 million during the quarter, compared to analyst estimates of $8.77 million. OFS Capital Corporation had a return on equity of 9.43% and a net margin of 25.74%. 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?
4 brokers have issued twelve-month target prices for OFS Capital Corporation's stock. Their forecasts range from $13.00 to $16.00. On average, they expect OFS Capital Corporation's share price to reach $14.67 in the next twelve months. View Analyst Ratings for OFS Capital Corporation.
What are Wall Street 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. " (11/8/2017)
- 2. National Securities analysts commented, "• For 3Q17, OFS reported adjusted NII/share of $0.33, a penny shy of both our estimate as well as the dividend. During the quarter, My Alarm Center was restructured as expected, driving the $1.6 million net realized loss and the only remaining non-accrual, Community Intervention Services, was written down by another $1.3 million.
• The additional write-downs drove the Q/Q NAV decline of 1.8% to $14.15. Despite the drop in NAV, OFS booked a full quarter of incentive fees after doing the right thing in 2Q17 and not taking an incentive fee. The company has no formal total return hurdle, but we would like to see the company implement a rolling three-year lookback feature that is retroactively applied. If there was no incentive fee earned during the quarter, adjusted NII/share would have been $0.41/share.
• The portfolio grew slightly during the quarter with originations of $42.4 million versus sales and repayments of $40.2 million. With OFS finishing 9/30/17 with regulatory D/E (excluding SBA debentures) of only 0.09x, we believe the company has significant dry powder to drive good portfolio growth through 2018.
• We are revising our 2017 adjusted NII/share estimate to $1.38 from $1.41 our 2018 adjusted NII/share estimate of to $1.41 from $1.49. " (11/6/2017)
Who are some of OFS Capital Corporation's key competitors?
Some companies that are related to OFS Capital Corporation include Medley Capital Corporation (MCC), TICC Capital Corp. (TICC), THL Credit (TCRD), Solar Senior Capital (SUNS), WhiteHorse Finance (WHF), Gladstone Capital Corporation (GLAD), Fifth Street Senior Floating Rate Corp. (OCSI), Oxford Lane Capital Corp. (OXLC), TriplePoint Venture Growth BDC Corp. (TPVG), Invesco Bond Fund (VBF), Center Coast MLP & Infrastructure Fund (CEN), Stellus Capital Investment Corporation (SCM), Kayne Anderson Energy Development (KED), BlackRock LT Municipal Advantage Trust (BTA), GSV Capital Corp (GSVC), StoneCastle Financial Corp (BANX), Horizon Technology Finance Corporation (HRZN) and KCAP Financial (KCAP).
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 (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)
Who owns OFS Capital Corporation stock?
OFS Capital Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include Western Standard LLC (3.76%), Advisors Asset Management Inc. (3.11%), Janney Montgomery Scott LLC (1.06%), JPMorgan Chase & Co. (0.68%) and Ladenburg Thalmann Financial Services Inc. (0.29%). View Institutional Ownership Trends for OFS Capital Corporation.
Who bought OFS Capital Corporation stock? Who is buying OFS Capital Corporation stock?
OFS Capital Corporation's stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Ladenburg Thalmann Financial Services Inc., Western Standard LLC, Janney Montgomery Scott LLC and Advisors Asset Management Inc.. 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 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 Corporation's stock price today?
One share of OFS Capital Corporation stock can currently be purchased for approximately $12.03.
How big of a company is OFS Capital Corporation?
OFS Capital Corporation has a market capitalization of $160.42 million and generates $31.09 million in revenue each year. The investment management company earns $13.82 million in net income (profit) each year or $0.92 on an earnings per share basis. OFS Capital Corporation employs 44 workers across the globe.
How can I contact OFS Capital Corporation?
OFS Capital Corporation'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 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.
Analysts' Consensus Rating for OFS Capital Corporation (NASDAQ:OFS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). 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 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: ||0 Sell Ratings, 1 Hold Rating, 3 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.75)|
|Consensus Price Target: ||$14.67 (21.92% upside)|
Consensus Price Target History for OFS Capital Corporation (NASDAQ:OFS)
Analysts' Ratings History for OFS Capital Corporation (NASDAQ:OFS)
(Data available from 11/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/6/2017||National Securities||Lower Price Target||Buy||$16.00 -> $15.00||N/A|
|8/7/2017||Robert W. Baird||Downgrade||Outperform -> Neutral||$16.00 -> $13.00||Medium|
|3/27/2017||Ladenburg Thalmann Financial Services||Upgrade||Neutral -> Buy||Low|
|3/27/2017||Langenberg & Company||Upgrade||Hold -> Buy||$16.00||Low|
|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 and Estimates Chart 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|
|3/21/2018|| || || || || || || || |
|11/3/2017||Q3 2017||$0.31||$0.33||$8.77 million||$9.12 million||View||N/A|
|8/4/2017||Q2 2017||$0.30||$0.33||$8.53 million||$7.98 million||View||N/A|
|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: $1.31 EPS
Next Year EPS Consensus Estimate: $1.29 EPS
Current Dividend Information for OFS Capital Corporation (NASDAQ:OFS)
|Payout Ratio:||147.83% (Trailing 12 Months of Earnings) |
103.82% (Based on This Year's Estimates)
105.43% (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%
Institutional Ownership Percentage: 28.64%
Insider Trades by Quarter for OFS Capital Corporation (NASDAQ OFS)
(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|| |
Latest Headlines for OFS Capital Corporation (NASDAQ OFS)
OFS Capital Corporation (NASDAQ OFS) Chart for Sunday, November, 19, 2017