OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It does not invest in operational turnarounds or start-up businesses. For direct, it specializes in debt and structured equity investments, recapitalizations and refinancing, management and leveraged buyouts, acquisition financings, shareholder liquidity events, growth capital, independent sponsor transactions, ESOPs, and minority investments in the lower middle market companies. It invests in the aerospace and defense, business services, consumer products and services, food and beverage, health care services, specialty chemicals, transportation and logistics, distribution, franchising, and industrial and niche manufacturing sectors. The fund invests in companies based in United States. It seeks to invest between $3 million and $20 million in companies with revenues between $10 million and $200 million, Annual EBITDA between $3 million and $30 million, and Enterprise value between $10 million and $500 million. The fund seeks to invest in companies with debt values between $5 million and $25 million. The fund uses senior secured, unitranche loans, first-lien, second-lien, mezzanine loans, warrants, and preferred equity securities and common equity securities. It prefers to take a minority stake in the investments made. It also co-invests with its partners for additional capital.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:OFS
Previous Symbol
CUSIP67103B10
Phone847-734-2000
Debt
Debt-to-Equity Ratio0.93
Current Ratio0.18
Quick Ratio0.18
Price-To-Earnings
Trailing P/E Ratio8.87
Forward P/E Ratio8.53
P/E GrowthN/A
Sales & Book Value
Annual Sales$33.43 million
Price / Sales4.53
Cash Flow$1.1488 per share
Price / Cash Flow9.88
Book Value$14.12 per share
Price / Book0.80
Profitability
EPS (Most Recent Fiscal Year)$1.28
Net Income$7.90 million
Net Margins46.21%
Return on Equity9.16%
Return on Assets4.40%
Miscellaneous
Employees45
Outstanding Shares13,350,000
Market Cap$150.09 million
OptionableNot Optionable
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, November 5th. Investors of record on Monday, December 17th will be given a dividend of $0.34 per share on Monday, December 31st. This represents a $1.36 annualized dividend and a yield of 11.98%. The ex-dividend date of this dividend is Friday, December 14th. View OFS Capital's Dividend History.
How were OFS Capital's earnings last quarter?
OFS Capital Corp (NASDAQ:OFS) posted its quarterly earnings results on Friday, November, 2nd. The investment management company reported $0.35 EPS for the quarter, beating the Zacks' consensus estimate of $0.34 by $0.01. The investment management company had revenue of $10.98 million for the quarter, compared to analyst estimates of $10.40 million. OFS Capital had a return on equity of 9.16% and a net margin of 46.21%. 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 12 month price targets for OFS Capital's stock. Their predictions range from $15.00 to $15.00. On average, they expect OFS Capital's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 32.2% 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. 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. " (11/8/2018)
- 2. National Securities analysts commented, " OFS earned $0.35 of NII/share for 3Q18, matching our estimate and exceeding the quarterly dividend by a penny. We think that earnings will be up a couple cents in 4Q18 as a result of OID acceleration before further portfolio growth and balance sheet leverage increasing through 2019 drive further earnings growth.
The company had strong portfolio growth in the quarter, with the portfolio at cost increasing to $398.6 million from $366.1 million Q/Q. In 4Q18, OFS issued seven-year notes at a 6.50% coupon that we anticipate will have the overallotment option exercised in full which would lead to a gross debt issuance of $50.0 million.
We think the notes offering was done at favorable pricing to the company and the proceeds will pay-down the revolver in full while also permitting portfolio growth into year-end 2018 and thus should not cause any drag on earnings.
We think that all-in effective yield will increase modestly Y/Y for 2019 as a result of spread widening. We note that OFS’s platform has $2.2 billion of AUM and the LMM, non-sponsor focus of the company combined with the underwriting capabilities of the platform also bodes well for pricing power.
NAV/share increased by 5 cents on the quarter to $13.75 with non-accruals remaining flat at $12.4 million at cost or 3.1% of the portfolio. However, previous non-accrual Master Cutlery was marked down to 35.3% of cost from 48.0% of cost Q/Q. The other non-accruals, Southern Technical Institute and Community Intervention Services, have been marked at zero since 1Q18 and 4Q17, respectively.
We are revising our 2018 NII/share estimate to $1.35 from $1.32 and our 2019 NII/share estimate to $1.47 from $1.45 and maintaining our BUY rating and $15 price target." (11/5/2018)
Has OFS Capital been receiving favorable news coverage?
Media stories about OFS stock have been trending very positive on Wednesday, InfoTrie reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. OFS Capital earned a news impact score of 3.6 on InfoTrie's scale. They also gave news articles about the investment management company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.
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), Capital Southwest (CSWC), Gladstone Investment (GAIN), Triplepoint Venture Growth BDC (TPVG), Arlington Asset Investment (AI), Oaktree Strategic Income (OCSI), THL Credit (TCRD), Stellus Capital Investment (SCM), Safeguard Scientifics (SFE), Capitala Finance (CPTA), Garrison Capital (GARS), KCAP Financial (KCAP), CM Finance (CMFN) and Elron Electronic Industries (ELRNF).
Who are OFS Capital's key executives?
OFS Capital's management team includes the folowing people:
- Mr. Bilal Rashid, Chairman & CEO (Age 47)
- Mr. Jeffrey A. Cerny J.D., Treasurer & CFO (Age 55)
- Mr. Jeffery S. Owen, Chief Accounting Officer (Age 54)
- Mr. Stephen Altebrando, VP of Investor Relations
- Ms. Mukya S. Porter, Chief Compliance Officer (Age 44)
Who are OFS Capital's major shareholders?
OFS Capital's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Advisors Asset Management Inc. (2.65%), JPMorgan Chase & Co. (1.09%), JPMorgan Chase & Co. (1.09%) and Wedge Capital Management L L P NC (0.47%). View Institutional Ownership Trends for OFS Capital.
Which major investors are selling OFS Capital stock?
Which major investors are buying 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 $11.35.
How big of a company is OFS Capital?
OFS Capital has a market capitalization of $150.09 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.
What is OFS Capital's official website?
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.
