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OFS Capital Stock Price, News & Analysis (NASDAQ:OFS)

$11.76
+0.03 (+0.26 %)
(As of 10/20/2019 05:29 AM ET)
Today's Range
$11.65
Now: $11.76
$11.86
50-Day Range
$11.04
MA: $11.60
$11.94
52-Week Range
$9.53
Now: $11.76
$12.81
Volume39,791 shs
Average Volume34,305 shs
Market Capitalization$157.23 million
P/E Ratio8.52
Dividend Yield11.59%
Beta0.62
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. Read More…

Industry, Sector and Symbol

Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:OFS
CUSIP67103B10
Phone847-734-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$42.83 million
Cash Flow$1.28 per share
Book Value$13.11 per share

Profitability

Net Income$9.57 million

Miscellaneous

Employees46
Market Cap$157.23 million
Next Earnings Date11/1/2019 (Estimated)
OptionableNot Optionable

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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 announced 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 dividend on an annualized basis and a yield of 11.56%. 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) released its quarterly earnings data on Friday, August, 2nd. The investment management company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. The investment management company had revenue of $12.90 million for the quarter, compared to analyst estimates 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?

OFS Capital is scheduled to release their next quarterly earnings announcement on Friday, November 1st 2019. View Earnings Estimates for OFS Capital.

What price target have analysts set for OFS?

2 analysts have issued 1-year price targets for OFS Capital's stock. Their predictions range from $12.00 to $15.00. On average, they expect OFS Capital's share price to reach $13.50 in the next year. This suggests a possible upside of 14.8% 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?

Media headlines about OFS stock have been trending somewhat positive on Sunday, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. OFS Capital earned a coverage optimism score of 0.8 on InfoTrie's scale. They also assigned headlines about the investment management company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect 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 in the month of September. As of September 15th, there was short interest totalling 16,100 shares, an increase of 43.8% from the August 15th total of 11,200 shares. Based on an average daily trading volume, of 45,600 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% 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?

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 institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (4.10%). 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 Confluence Investment 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 $11.76.

How big of a company is OFS Capital?

OFS Capital has a market capitalization of $157.23 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?

The official website for OFS Capital is http://www.ofscapital.com/.

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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  201 (Vote Outperform)
Underperform Votes:  230 (Vote Underperform)
Total Votes:  431
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.
This page was last updated on 10/20/2019 by MarketBeat.com Staff

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