OFS Capital
OFS

$8.51

8.2%

Market Cap: $114M

About: OFS Capital Corp is an externally managed, closed-end, non-diversified management investment company. Its business objective is to generate current income and capital appreciation by investing in middle-market companies in the United States. The company focuses on investments in senior secured loans, including first lien, second lien, and unitranche loans, as well as subordinated loans and, to a lesser extent, warrants, and other equity securities.

Employees: 51

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1,875% more call options, than puts

Call options by funds: $158K | Put options by funds: $8K

0% more funds holding

Funds holding: 35 [Q1] → 35 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

0% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 12

2.11% less ownership

Funds ownership: 12.28% [Q1] → 10.17% (-2.11%) [Q2]

26% less capital invested

Capital invested by funds: $16.3M [Q1] → $12.1M (-$4.24M) [Q2]

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for OFS.

See Analyst Rankings

Financial journalist opinion

OFS Capital: Risk Of Dividend Cut Could Keep Hurting Price Performance

I believe OFS Capital's 17% dividend yield is unsustainable due to declining portfolio value, deteriorating earnings, high accruals, and poor cash position, warranting a hold rating. The company's dividends exceed net investment income, and future earnings forecasts suggest significant declines, making a dividend cut likely. OFS Capital's high leverage ratio and cautious investment strategy limit growth potential, further impacting its ability to sustain dividends and share price.

OFS Capital: Risk Of Dividend Cut Could Keep Hurting Price Performance

OFS Capital (OFS) Q2 2024 Earnings Call Transcript

OFS Capital (NASDAQ:OFS ) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Steve Altebrando - VP, Capital Markets Bilal Rashid - Chairman & CEO Jeff Cerny - CFO & Treasurer Operator Good day, and welcome to the OFS Capital Corporation Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

OFS Capital (OFS) Q2 2024 Earnings Call Transcript

Zacks Investment Research

OFS Capital (OFS) Q2 Earnings and Revenues Lag Estimates

OFS Capital (OFS) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.38 per share a year ago.

OFS Capital (OFS) Q2 Earnings and Revenues Lag Estimates

OFS Capital Corporation Announces Second Quarter 2024 Financial Results

CHICAGO--(BUSINESS WIRE)--OFS Capital Corporation (NASDAQ: OFS) (“OFS Capital,” the “Company,” “we,” “us,” or “our”) today announced its financial results for the fiscal quarter ended June 30, 2024. SECOND QUARTER FINANCIAL HIGHLIGHTS Net investment income decreased to $0.26 per common share for the quarter ended June 30, 2024 from $0.42 per common share for the quarter ended March 31, 2024. Net gain on investments of $0.51 per common share for the quarter ended June 30, 2024, primarily compris.

OFS Capital Corporation Announces Second Quarter 2024 Financial Results

OFS Capital: Higher Non-Accruals Than Peers Contributes To NAV Deterioration

OFS Capital Corp offers a high dividend yield of 13.7% with a diverse portfolio focused on senior secured loans in various industries. The company's financials show continued growth, with net investment income per share covering the dividend comfortably at 123.5%. Despite the high yield, OFS has underperformed its peers in total return and lacks dividend growth. OFS has failed to provide any meaningful growth or supplemental dividends the way peers have.

OFS Capital: Higher Non-Accruals Than Peers Contributes To NAV Deterioration

OFS Capital (OFS) Q1 2024 Earnings Call Transcript

OFS Capital (NASDAQ:OFS ) Q1 2024 Earnings Conference Call May 3, 2024 10:00 AM ET Company Participants Steve Altebrando - Vice President, Capital Markets Bilal Rashid - Chairman & Chief Executive Officer Jeff Cerny - Chief Financial Officer & Treasurer Conference Call Participants Mitchel Penn - Oppenheimer Operator Good day, and welcome to the OFS Capital Corporation First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

OFS Capital (OFS) Q1 2024 Earnings Call Transcript

OFS Capital Corporation Announces First Quarter 2024 Financial Results

CHICAGO--(BUSINESS WIRE)--OFS Capital Corporation (NASDAQ: OFS) (“OFS Capital,” the “Company,” “we,” “us,” or “our”) today announced its financial results for the fiscal quarter ended March 31, 2024. FIRST QUARTER FINANCIAL HIGHLIGHTS Net investment income increased to $0.42 per common share for the quarter ended March 31, 2024 from $0.35 per common share for the quarter ended December 31, 2023. Net loss on investments of $1.09 per common share for the quarter ended March 31, 2024, primarily co.

OFS Capital Corporation Announces First Quarter 2024 Financial Results

OFS Capital Corporation Announces Date for Its First Quarter 2024 Earnings Release and Conference Call

CHICAGO--(BUSINESS WIRE)--OFS Capital Corporation (Nasdaq: OFS) (“OFS Capital”), a business development company, announced today that it will report its first quarter 2024 earnings results after the close of the stock market on Thursday, May 2, 2024. A conference call is scheduled for Friday, May 3, 2024 at 10:00 a.m. Eastern Time to discuss OFS Capital's financial results and business. Bilal Rashid, Chairman & Chief Executive Officer, will host the call, along with Jeffrey Cerny, Chief Fin.

OFS Capital Corporation Announces Date for Its First Quarter 2024 Earnings Release and Conference Call

OFS Capital (OFS) Q4 2023 Earnings Call Transcript

OFS Capital (NASDAQ:OFS ) Q4 2023 Earnings Conference Call March 5, 2024 10:00 AM ET Company Participants Steve Altebrando - Investor Relations Bilal Rashid - Chief Executive Officer & Chairman Jeff Cerny - Chief Financial Officer Conference Call Participants Mitchel Penn - Oppenheimer Operator Good morning, and welcome to the OFS Capital Corporation Fourth Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode.

OFS Capital (OFS) Q4 2023 Earnings Call Transcript

OFS Capital Corporation Announces Fourth Quarter and Full Year 2023 Financial Results Declares First Quarter 2024 Distribution of $0.34 Per Share

CHICAGO--(BUSINESS WIRE)--OFS Capital Corporation (Nasdaq: OFS) (“OFS Capital,” “we,” “us,” or “our”) today announced its financial results for the fiscal quarter and year ended December 31, 2023. FOURTH QUARTER FINANCIAL HIGHLIGHTS Net investment income of $0.35 per common share for the quarter ended December 31, 2023. Net loss on investments of $0.66 per common share for the quarter ended December 31, 2023, primarily comprised of net unrealized depreciation of $0.58 per common share. No new n.

OFS Capital Corporation Announces Fourth Quarter and Full Year 2023 Financial Results Declares First Quarter 2024 Distribution of $0.34 Per Share

See News Rankings