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OFS Capital Corporation - OFS STOCK NEWS

Welcome to our dedicated page for OFS Capital Corporation news (Ticker: OFS), a resource for investors and traders seeking the latest updates and insights on OFS Capital Corporation stock.

OFS Capital Corporation (symbol: OFS) is an externally managed, closed-end, non-diversified management investment company headquartered in the United States. Located in 151 Applegrove St, Sudbury, Ontario, Canada, OFS Capital Corp focuses on generating current income and capital appreciation through strategic investments in middle-market companies across the U.S.

The company primarily invests in senior secured loans, which include first lien, second lien, and unitranche loans. In addition, OFS Capital Corp also holds subordinated loans and, to a lesser extent, warrants and other equity securities. This diversified investment strategy is aimed at reducing risk while maximizing potential returns for its stakeholders.

OFS Capital Corp's core business objective is to leverage its extensive industry experience and robust financial insight to identify promising middle-market companies that require funding for expansion, acquisitions, or refinancing. By providing these companies with the necessary financial support, OFS Capital Corp not only aids their growth but also ensures a steady stream of income and capital appreciation for its investors.

Recent achievements underline the company's commitment to its investment strategy and financial health. OFS Capital Corp has successfully managed to maintain a robust portfolio of investments, reflecting a cautious yet opportunistic approach to market dynamics. Current projects include financing initiatives for companies in various sectors, underscoring the company's diverse investment portfolio and emphasis on sustainable growth.

An essential aspect of OFS Capital Corp's operational strategy is its solid network of partnerships. These partnerships enable the company to access a wide range of investment opportunities and market intelligence, furthering its ability to make informed investment decisions. Additionally, OFS Capital Corp's transparent and stringent due diligence processes help in mitigating risks associated with middle-market investments.

Financially, OFS Capital Corp has demonstrated resilience and adaptability, navigating through market uncertainties while maintaining a stable financial condition. Its performance metrics and regular financial updates reflect a company that is not only focused on growth but also on delivering consistent returns to its investors.

For those looking to stay updated with the latest developments, performance metrics, and news about OFS Capital Corp, this page offers comprehensive and up-to-date information. This ensures that shareholders and potential investors have all the necessary insights to make informed decisions regarding their investments.

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OFS Capital (Nasdaq: OFS), a business development company, has announced its plans to release second quarter 2024 earnings results after market close on Thursday, August 1, 2024. A conference call is scheduled for Friday, August 2, 2024, at 10:00 a.m. Eastern Time to discuss the financial results and business updates. The call will be hosted by Bilal Rashid, Chairman & CEO, and Jeffrey Cerny, CFO & Treasurer.

Interested parties can join the call via the company's website or by phone. An archived replay will be available for 90 days on the company's website or through August 12, 2024, by dialing the provided numbers. OFS Capital primarily invests in privately held middle-market companies in the US, targeting investments of $3 million to $20 million in companies with annual EBITDA between $5 million and $50 million.

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OFS Capital (NASDAQ: OFS) announced its financial results for Q1 2024, showing an increase in net investment income to $0.42 per share. However, net loss on investments of $1.09 per share resulted in a decrease in NAV per share to $11.08. 91% of the loan portfolio consisted of floating rate loans. The company declared a distribution of $0.34 per share for Q2 2024. Recent events include full repayment of SBA debentures by a subsidiary and surrendering its license. The investment portfolio showed a decrease in performing income yield to 13.0% due to non-recurring interest. Expenses decreased, and a net loss on investments was primarily due to unrealized depreciation.

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OFS Capital (OFS) announced the date for its first quarter 2024 earnings release and conference call. The earnings results will be reported after the market close on May 2, 2024, with a conference call scheduled for May 3, 2024. Bilal Rashid, Chairman & CEO, and Jeffrey Cerny, CFO & Treasurer, will discuss OFS Capital's financial results and business during the call.
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OFS Capital Corporation (OFS) announced its financial results for Q4 and FY 2023, with highlights including a net investment income of $0.35 per common share, a net loss on investments of $0.66 per common share, and a decrease in NAV per common share. The company declared a distribution of $0.34 per common share for Q1 2024 and fully repaid its outstanding SBA debentures.
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OFS Capital Corporation (OFS) will release its Q4 and full year 2023 earnings on March 5, 2024. The conference call will be hosted by Bilal Rashid, CEO, and Jeffrey Cerny, CFO. Interested parties can join via web or phone.
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OFS Capital Corporation (NASDAQ: OFS) announced its financial results for the fiscal quarter ended September 30, 2023. Net investment income increased to $0.40 per common share, while net loss on investments was $0.25 per common share. The net asset value per common share was $12.74. 94% of the loan portfolio consisted of floating rate loans, and 99% consisted of senior secured loans. The investment portfolio's weighted-average performing income yield increased to 14.6% from 13.8% in the prior quarter. The Board of Directors declared a distribution of $0.34 per common share for the fourth quarter of 2023.
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OFS Capital Corporation (NASDAQ: OFS) will report Q3 2023 earnings results on November 2, 2023. A conference call is scheduled for November 3, 2023 to discuss financial results and business.
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FAQ

What is OFS Capital Corporation?

OFS Capital Corp is an externally managed, closed-end, non-diversified investment company focusing on middle-market companies in the U.S.

What type of investments does OFS Capital Corp make?

The company invests in senior secured loans including first lien, second lien, unitranche loans, subordinated loans, warrants, and other equity securities.

Where is OFS Capital Corporation located?

OFS Capital Corp is headquartered at 151 Applegrove St, Sudbury, Ontario, Canada.

What is the primary business objective of OFS Capital Corp?

The primary business objective is to generate current income and capital appreciation by investing in middle-market companies.

How does OFS Capital Corp mitigate investment risks?

The company follows a transparent and stringent due diligence process and leverages its extensive industry experience and partnerships to make informed investment decisions.

What recent achievements has OFS Capital Corp accomplished?

The company has maintained a robust portfolio of investments, reflecting its strategic and opportunistic approach to market dynamics.

How does OFS Capital Corp ensure steady returns?

By investing in a diversified portfolio of middle-market companies and maintaining a cautious yet opportunistic investment strategy.

What sectors does OFS Capital Corp invest in?

The company invests in various sectors, focusing on sustainable growth and diverse investment opportunities.

How can I stay updated with the latest news about OFS Capital Corp?

Visit this webpage for comprehensive and up-to-date information on the company's latest developments, performance metrics, and news.

What are the advantages of investing in OFS Capital Corp?

Investing in OFS Capital Corp offers exposure to middle-market companies with potential for high returns, backed by a company with a solid investment strategy and financial stability.

OFS Capital Corporation

Nasdaq:OFS

OFS Rankings

OFS Stock Data

114.69M
13.40M
22.56%
11.06%
0.45%
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United States of America
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