Ofs Capital Stock Price, News & Analysis

OFS Capital Corporation (NASDAQ: OFS) is set to report its first quarter 2022 earnings results before the market opens on May 6, 2022. A conference call will follow at 10:00 a.m. Eastern Time, hosted by CEO Bilal Rashid and CFO Jeffrey Cerny. Investors can access the call online or via phone. OFS Capital focuses on providing income and capital appreciation primarily through debt investments in middle-market companies, targeting investments between $3 million and $20 million.

OFS Capital Corporation (NASDAQ: OFS) announced a quarterly distribution increase to $0.28 per share, a 12% rise from the previous quarter. The fiscal quarter ending December 31, 2021, showed a net investment income of $0.33 per share, up from $0.24 in the prior quarter, driven by higher dividend and fee income. Earnings per share for the quarter was $1.27, compared to $0.98 previously. The net asset value rose to $15.18 per share, a 28% increase year-over-year, indicating solid portfolio performance.

OFS Capital Corporation (NASDAQ: OFS) will announce its fourth quarter and full year 2021 earnings results before the stock market opens on March 4, 2022. A conference call to discuss these financial results is set for 11:00 a.m. Eastern Time on the same day, hosted by CEO Bilal Rashid and CFO Jeffrey Cerny. Investors can access the call via phone or the internet, with a replay available for 90 days after the event. OFS Capital primarily invests in privately held middle-market companies, providing both current income and capital appreciation through various debt and equity investments.

OFS Capital Corporation (NASDAQ: OFS) reported its financial results for Q3 2021, highlighting a net investment income of $3.2 million, or $0.24 per share. Adjusted net investment income was $3.3 million, or $0.25 per share. The net asset value per share rose 5.5% to $14.16. The portfolio recorded net gains of $10.2 million, and the quarterly distribution was increased by 4%. Notably, 95% of the loan portfolio consists of senior secured loans. The company also announced a public offering of $55 million in unsecured notes due 2028.

OFS Capital Corporation (NASDAQ: OFS) will release its third quarter 2021 earnings results on November 5, 2021, before the stock market opens. A conference call, hosted by Bilal Rashid and Jeffrey Cerny, will follow at 10:00 a.m. ET to discuss the financial results and business updates. Investors can access the call via phone or online at www.ofscapital.com. A replay will be available until November 15, 2021.

OFS Capital Corporation (OFS) has priced a public offering of $50 million in 4.95% notes due 2028, expected to net approximately $48.14 million after underwriting discounts. The notes mature on October 31, 2028, and can be redeemed after October 31, 2023. Proceeds will be used to pay down existing debts, including 6.25% Notes due 2023 and revolving credit borrowings. The offering will close on October 28, 2021, with plans for the notes to trade on Nasdaq under the ticker OFSSH.

OFS Capital Corporation has initiated an underwritten offering of unsecured notes (the “Notes”), pending market conditions. The intended listing is on Nasdaq under symbol “OFSSH”. Proceeds will be used to retire existing debts, including $25 million of 6.25% Notes due 2023 and $54.3 million of 5.95% Notes due 2026. The offering also addresses $78.1 million outstanding under the BNP facility, due June 2024. Joint managers include Ladenburg Thalmann and Goldman Sachs. Investors are urged to review the preliminary prospectus dated October 21, 2021, for risks and objectives.

OFS Capital Corporation (NASDAQ: OFS) provided preliminary financial estimates for Q3 2021, reporting a net asset value per share of $14.11-$14.21, up from $13.42 in Q2 2021. Net investment income is estimated at $0.23-$0.25 per share, compared to $0.24 in the prior quarter. Adjusted net investment income stands at $0.24-$0.26 per share. Additionally, SBA debentures were reduced by $25.6 million, and total debt decreased to $320.1 million from $323.9 million. Cash and unused credit facilities totaled $7.0 million.

OFS Capital Corporation (NASDAQ: OFS) reported strong financial results for Q2 2021, with net investment income increasing by 26% to $3.2 million ($0.24 per share) from $2.5 million ($0.19 per share) in Q1 2021. The net asset value per share rose to $13.42, up from $11.96. The portfolio saw net gains of $19.2 million, and no loans were placed on non-accrual status. The company declared a distribution of $0.24 per share for Q3 2021, payable September 30, 2021. Overall, the company expects continued growth in investment income and opportunities for further originations.