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.
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Industry, Sector and Symbol
Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone847-734-2000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$42.83 million
Profitability
Miscellaneous
Employees46
Next Earnings Date11/1/2019 (Estimated)
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 Tuesday, July 30th. Investors of record on Monday, September 23rd will be given a dividend of $0.34 per share on Monday, September 30th. This represents a $1.36 annualized dividend and a yield of 11.28%. The ex-dividend date of this dividend is Friday, September 20th. View OFS Capital's Dividend History.
How were OFS Capital's earnings last quarter?
OFS Capital Corp (NASDAQ:OFS) announced its quarterly earnings results on Friday, August, 2nd. The investment management company reported $0.36 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.35 by $0.01. The investment management company had revenue of $12.90 million for the quarter, compared to analysts' expectations of $12.40 million. OFS Capital had a return on equity of 11.16% and a net margin of 16.74%. 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 shares. Their forecasts range from $12.00 to $15.00. On average, they anticipate OFS Capital's share price to reach $13.50 in the next twelve months. This suggests a possible upside of 11.9% from the stock's current price. View Analyst Price Targets 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 2 buy ratings 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. " (5/17/2019)
- 2. National Securities analysts commented, "▪ For 1Q19 OFS earned NII/share of $0.36, two cents above our estimate and the quarterly dividend of $0.34/share. The company had $63.6mm of originations versus repayments of $6.0mm and sales of $16.3mm, driving the portfolio at cost to increase to $439.0mm from $413.3mm Q/Q.
▪ OFS increased its Pacwest facility size to $100mm from $50mm, reduced the borrowing cost by 50 bps, and amended the facility to allow for the reduced asset coverage of 150% afforded to the company. OFS is still seeking to enter into another credit facility which would enable it to make loans to larger borrowers that we think will come with lower pricing and more favorable advance rates relative to the Pacwest facility. We think this bodes well for both portfolio growth and the Sharpe ratio.
▪ NAV/share decreased on the quarter to $13.04 from $13.10 in 4Q18. As a reminder, in 4Q18 NAV declined from $13.75 due to mark-to-market from wider credit spreads. We expected a significant recovery in NAV from a rebounding loan market, however, idiosyncratic negative marks outweighed tighter spreads and NAV decreased. Although there were no further non-accruals for OFS, special mention loans increased to 13.7% of the book from 8.1% Q/Q. While we would really start to be concerned if there were any loans placed in the substandard or doubtful buckets, we will certainly keep an eye on this metric going forward. If this becomes a trend it’s something that could potentially make us reconsider our NAV/share and NII/share estimates as we may factor in future non-accruals into our model.
▪ We are maintaining our 2019 NII/share estimate of $1.55 and revising our 2020 NII/share estimate to $1.66 from $1.68. We are maintaining our BUY rating and $15 price target." (5/6/2019)
Has OFS Capital been receiving favorable news coverage?
Press coverage about OFS stock has trended negative on Thursday, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. OFS Capital earned a news impact score of -2.9 on InfoTrie's scale. They also gave media stories about the investment management company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for OFS Capital.
Are investors shorting OFS Capital?
OFS Capital saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 25,300 shares, an increase of 40.6% from the July 31st total of 18,000 shares. Based on an average trading volume of 43,900 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are sold short. View OFS Capital's Current Options Chain.
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), Triplepoint Venture Growth BDC (TPVG), Gladstone Investment (GAIN), Capital Southwest (CSWC), Stellus Capital Investment (SCM), Safeguard Scientifics (SFE), Oaktree Strategic Income (OCSI), THL Credit (TCRD), Arlington Asset Investment (AI), Allied Minds (ALLWF), KCAP Financial (KCAP), Capitala Finance (CPTA), Garrison Capital (GARS) and CM Finance (CMFN).
What other stocks do shareholders of OFS Capital own?
Who are OFS Capital's key executives?
OFS Capital's management team includes the folowing people:
- Mr. Bilal Rashid, Chairman & CEO (Age 48)
- Mr. Jeffrey A. Cerny J.D., CFO & Board Director (Age 56)
- Mr. Jeffery S. Owen, Chief Accounting Officer (Age 55)
- Mr. Stephen Altebrando, VP of Investor Relations
- Ms. Mukya S. Porter, Chief Compliance Officer (Age 45)
Who are OFS Capital's major shareholders?
OFS Capital's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BB&T Securities LLC (3.32%), Virtus ETF Advisers LLC (1.15%), Mckinley Capital Management LLC Delaware (0.73%), Janney Montgomery Scott LLC (0.59%), Wedge Capital Management L L P NC (0.46%) and Russell Investments Group Ltd. (0.27%). 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 Ladenburg Thalmann Financial Services Inc., Wedge Capital Management L L P NC, Janney Montgomery Scott LLC, Russell Investments Group Ltd., Wealthstar Advisors LLC and AMP Capital Investors Ltd. View Insider Buying and Selling for OFS Capital.
Which major investors are buying OFS Capital stock?
OFS stock was acquired by a variety of institutional investors in the last quarter, including Virtus ETF Advisers LLC, BB&T Securities LLC, Advisor Group Inc., Mckinley Capital Management LLC Delaware, Tower Research Capital LLC TRC and Acadian Asset Management 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, Robinhood, Fidelity and Charles Schwab.
What is OFS Capital's stock price today?
One share of OFS stock can currently be purchased for approximately $12.06.
How big of a company is OFS Capital?
OFS Capital has a market capitalization of $161.24 million and generates $42.83 million in revenue each year. The investment management company earns $9.57 million in net income (profit) each year or $1.38 on an earnings per share basis. OFS Capital employs 46 workers across the globe.View Additional Information About OFS Capital.
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.
