Ofs Capital Stock Price, News & Analysis

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.

OFS Capital Corporation (NASDAQ: OFS) announced that it will release its second quarter 2021 earnings results on August 6, 2021, before market opening. A conference call will follow at 10:00 a.m. ET, led by CEO Bilal Rashid and CFO Jeffrey Cerny, to discuss financial results and business developments. Interested parties can access the call via the company’s website or by phone, with a replay available for 90 days post-event. OFS Capital focuses on providing current income and capital appreciation through debt and equity investments, primarily in U.S. middle-market companies.

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.