Ofs Capital Stock Price, News & Analysis

OFS Capital Corporation (OFS) reported financial results for Q1 2021, highlighting a net investment income of $2.6 million, or $0.19 per share. Adjusted net investment income was $3.1 million, translating to $0.23 per share. The net asset value per share rose to $11.96 from $11.85 in Q4 2020. Portfolio net gains totaled $3.9 million, with 96% of loans being senior secured. OFS declared a distribution of $0.22 per share for Q2 2021, marking its third consecutive quarterly increase.

OFS Capital Corporation (NASDAQ: OFS) will announce its first quarter earnings results for 2021 on May 11, 2021, before the stock market opens. A conference call hosted by CEO Bilal Rashid and CFO Jeffrey Cerny is scheduled for 10:00 a.m. Eastern Time to discuss these results. Investors can access the call via the official website or by phone. OFS Capital primarily invests in middle-market companies in the U.S., with a focus on providing both current income and capital appreciation through various debt and equity investments.

OFS Capital Corporation (Nasdaq: OFS) has successfully priced a public offering of $25 million in additional 4.75% notes due 2026, generating approximately $24.7 million in net proceeds after expenses. The notes will be offered at 101.038% of their value, resulting in a yield of about 4.50%. The proceeds will be utilized for investments in debt and equity securities and will help repay $35.7 million currently owed under the BNP Paribas revolving credit facility. The offering is expected to close on March 18, 2021.

OFS Capital Corporation (OFS) reported its financial results for the fiscal year ended December 31, 2020, revealing a net investment income of $12.3 million or $0.92 per share, marking a distribution coverage of 107%. The fourth quarter net investment income was $3.0 million, with closed investments totaling approximately $48.7 million. The net asset value per share increased to $11.85 from $11.18. OFS declared a first-quarter 2021 distribution of $0.20 per share, reflecting confidence in future income growth.

OFS Capital Corporation (NASDAQ: OFS) will announce its fourth quarter and year-end 2020 earnings results on March 5, 2021, before market opening. Bilal Rashid, CEO, and Jeffrey Cerny, CFO, will host a conference call at 10:00 a.m. Eastern Time to discuss the results. Interested parties may listen via the company's website or by phone. OFS Capital focuses on providing stockholders with current income and capital appreciation primarily through debt investments in privately held middle-market companies, targeting investments between $3 million and $20 million.

OFS Capital Corporation (Nasdaq: OFS) has priced a public offering of $100 million in 4.75% notes due 2026, aiming to raise approximately $96.6 million after expenses. The notes will mature on February 10, 2026, and are redeemable at the company’s discretion. Proceeds will be utilized to pay down existing debts, including its 6.50% and 6.375% notes and borrowings under its BNP facility. The offering is expected to close on February 10, 2021.

OFS Capital Corporation (Nasdaq: OFS) reported preliminary estimates for the quarter ended December 31, 2020. The estimated net asset value per share increased to between $11.75 and $11.85, up from $11.18 in Q3 2020. The estimated net investment income rose to between $0.21 and $0.23 per share, compared to $0.20 in the previous quarter. Additionally, there were $37.7 million in cash and unused credit capacity. Notably, no new loans were placed on non-accrual status, and $23.5 million in SBA debentures were permanently reduced during the quarter.

OFS Capital Corporation (NASDAQ: OFS) reported financial results for Q3 2020, with a net investment income of $2.71 million ($0.20/share). The net asset value (NAV) per share increased to $11.18, up 11% from June 30, 2020. The portfolio saw net gains of $15.3 million, and 91% of its loans are senior secured. No new loans were placed on non-accrual status, and the company maintained an asset coverage ratio of 174%. A distribution of $0.18 per share was declared for Q4 2020, payable on December 31, 2020.

OFS Capital Corporation (NASDAQ: OFS) will release its third quarter 2020 earnings results before the market opens on November 6, 2020. A conference call to discuss the financial outcomes is slated for the same day at 10:00 a.m. Eastern Time, hosted by CEO Bilal Rashid and CFO Jeffrey Cerny. Investors can access the call via the company’s website or by phone. OFS Capital focuses on debt and equity investments in middle-market companies, targeting investments between $3 to $20 million.