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 Ratio0.85
Current Ratio5.00
Quick Ratio5.00
Price-To-Earnings
Trailing P/E Ratio9.55
Forward P/E Ratio9.34
P/E GrowthN/A
Sales & Book Value
Annual Sales$33.43 million
Price / Sales4.88
Cash Flow$1.1549 per share
Price / Cash10.59
Book Value$14.12 per share
Price / Book0.87
Profitability
EPS (Most Recent Fiscal Year)$1.28
Net Income$7.90 million
Net Margins37.64%
Return on Equity9.17%
Return on Assets4.60%
Miscellaneous
Employees45
Outstanding Shares13,350,000
Market Cap$160.87 million
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, May 7th. Shareholders of record on Friday, June 22nd will be given a dividend of $0.34 per share on Friday, June 29th. This represents a $1.36 annualized dividend and a yield of 11.12%. The ex-dividend date is Thursday, June 21st. View OFS Capital's Dividend History.
How were OFS Capital's earnings last quarter?
OFS Capital Corp (NASDAQ:OFS) released its earnings results on Friday, August, 3rd. The investment management company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The investment management company had revenue of $10.28 million for the quarter, compared to analysts' expectations of $10.13 million. OFS Capital had a return on equity of 9.17% and a net margin of 37.64%. View OFS Capital's Earnings History.
When is OFS Capital's next earnings date?
What price target have analysts set for OFS?
1 equities research analysts have issued 1 year price targets 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 22.6% 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 $0.34 for 2Q18, matching the dividend and exceeding our estimate by a penny. Increases in fee income drove the increase with fee income totaling $406,000 compared with $46,00 the quarter prior. Fee income and acceleration of unamortized OID will likely contribute positively to earnings in 2019.
We expect the company likely has the ability to grow its portfolio steadily through 2019 absent any outsized prepayments, which we do not anticipate occurring,
The increased balance sheet leverage we model in conjunction with what will likely be a relatively stable effective yield courtesy of less spread compression in the LMM (lower middle market) should serve to boost earnings and thus dividend coverage.
Effective yield likely has another tailwind with the regional office sourcing of the non-sponsor investments, in which case loans are not shopped around as much relative to most sponsor investment opportunities afforded to many BDCs.
However, we note that LMM loans generally entail more risk, which is why they are inherently structured more conservatively in terms of lender protections and leverage.
Over the years OFS has done a good job of generally preserving NAV/share and we expect that the company will likely be able to modestly improve NAV steadily in the coming years which would serve to generate double-digit economic returns. The stable credit quality we model coupled with an out-earned dividend should serve to increase NAV/share to $13.84 in 4Q18 from $13.70 In 2Q18 and the to $14.17 in 4Q19, in our opinion.
We are revising our 2018 NII/share estimate to $1.34 from $1.31 and our 2019 NII/share estimate to $1.47 from $1.43 and maintaining our BUY rating and $15 price target." (8/7/2018)
- 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. " (7/26/2018)
Who are some of OFS Capital's key competitors?
Some companies that are related to OFS Capital include PennantPark Investment (PNNT), Pennantpark Floating Rate Capital (PFLT), Gladstone Investment (GAIN), Capital Southwest (CSWC), Arlington Asset Investment (AI), THL Credit (TCRD), Oaktree Strategic Income (OCSI), TRIPLEPOINT VEN/COM (TPVG), Stellus Capital Investment (SCM), Safeguard Scientifics (SFE), Capitala Finance (CPTA), Garrison Capital (GARS), CM Finance (CMFN), Amern Cap Sr Fl/COM (ACSF) and KCAP Financial (KCAP).
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 coverage about OFS stock has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. OFS Capital earned a news impact score of 0.13 on Accern's scale. They also assigned news articles about the investment management company an impact score of 47.96 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for OFS Capital.
Who are OFS Capital's major shareholders?
OFS Capital's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Western Standard LLC (3.53%), Janney Montgomery Scott LLC (0.76%), Mckinley Capital Management LLC Delaware (0.74%) and Advisors Asset Management Inc. (0.07%). View Institutional Ownership Trends for OFS Capital.
Which major investors are selling OFS Capital stock?
OFS stock was sold by a variety of institutional investors in the last quarter, including Advisors Asset Management Inc., Mckinley Capital Management LLC Delaware, Western Standard LLC and Janney Montgomery Scott LLC. View Insider Buying and Selling for OFS Capital.
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 $12.23.
How big of a company is OFS Capital?
OFS Capital has a market capitalization of $160.87 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.
