OFS Capital - OFS Stock Forecast, Price & News

OFS Capital's stock was trading at $10.90 at the beginning of the year. Since then, OFS stock has decreased by 3.6% and is now trading at $10.51.
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The company is scheduled to release its next quarterly earnings announcement on Friday, March 3rd 2023.
View our OFS earnings forecast.

OFS Capital Co. (NASDAQ:OFS) released its quarterly earnings results on Friday, November, 5th. The investment management company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.01. The investment management company had revenue of $10.59 million for the quarter, compared to the consensus estimate of $10.92 million. OFS Capital had a trailing twelve-month return on equity of 9.14% and a net margin of 14.12%. During the same period in the previous year, the company posted $0.20 earnings per share.

OFS Capital declared a quarterly dividend on Tuesday, November 1st. Stockholders of record on Friday, December 23rd will be given a dividend of $0.30 per share on Friday, December 30th. This represents a $1.20 dividend on an annualized basis and a yield of 11.42%. The ex-dividend date is Thursday, December 22nd. This is a positive change from the stock's previous quarterly dividend of $0.29.
Read our dividend analysis for OFS.

OFS Capital (NASDAQ:OFS) pays an annual dividend of $1.16 per share and currently has a dividend yield of 11.18%. OFS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 223.08%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, OFS will have a dividend payout ratio of 84.67% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for OFS.

Based on aggregate information from My MarketBeat watchlists, some companies that other OFS Capital investors own include Energy Transfer (ET), NGL Energy Partners (NGL), Annaly Capital Management (NLY), Martin Midstream Partners (MMLP), Chimera Investment (CIM), New Residential Investment (NRZ), AGNC Investment (AGNC), New York Mortgage Trust (NYMT), Alliance Resource Partners (ARLP) and PhenixFIN (MCC).

OFS Capital trades on the NASDAQ under the ticker symbol "OFS."

OFS Capital's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Advisors Asset Management Inc. (1.12%), Two Sigma Investments LP (0.62%), International Assets Investment Management LLC (0.55%), Two Sigma Advisers LP (0.51%), Sigma Planning Corp (0.35%) and Janney Montgomery Scott LLC (0.31%). Insiders that own company stock include Mukya Porter and Richard S Ressler.
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Shares of OFS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OFS stock can currently be purchased for approximately $10.51.

OFS Capital (NASDAQ:OFS) has a market capitalization of $140.76 million and generates $47.76 million in revenue each year. The investment management company earns $56.86 million in net income (profit) each year or $0.52 on an earnings per share basis.

OFS Capital's mailing address is 10 SOUTH WACKER DRIVE SUITE 2500, CHICAGO IL, 60606. The official website for the company is www.ofscapital.com. The investment management company can be reached via phone at (847) 734-2000, via email at investorrelations@ofscapital.com, or via fax at 847-734-7910.