OFS Capital

OFS Capital Corp is an externally managed, closed-end, and non-diversified management investment company. It engages in the provision of stockholders with current income and capital appreciation through debt investments and equity investments. The company was founded on March 1, 2001 and is headquartered in Chicago, IL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

OFS Capital reports robust Q1 performance amidst portfolio stability

OFS Capital demonstrated strong performance in Q1 2024 with increased net investment income and a stable portfolio.
Despite challenges like subdued new originations and unrealized depreciation, the company remains confident in its fundamentals.
By leveraging its strengths in debt structure and portfolio composition, OFS Capital aims to capitalize on opportunities for growth and cost savings.

OFS Capital reports NAV growth but faces income decline

OFS Capital saw NAV per share rise but faced a decline in net investment income.
The company's focus on income conversion and diversified portfolio are strengths.
Challenges include income fluctuations and economic uncertainties.
Opportunities exist in leveraging adviser expertise and exploring new sectors.

OFS Capital reports increased net income but faces asset value decline

OFS Capital demonstrated improved net investment income but faced challenges with a decrease in asset value.
Stable nonaccrual metrics and sector exposures in manufacturing and healthcare are strengths.
Opportunities lie in increasing investment income and leveraging the appreciation in equity positions.
Overall, OFS Capital's performance in Q3 2024 shows a mix of positives and challenges.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

OFS Credit Company offers an 18.5% distribution yield, potentially turning a $10,000 investment into $1 million in 20 years with slight leverage. OCCI primarily invests in CLO equity and debt securities, aiming for current income and capital appreciation, but lacks clear historical performance data on its website. Management expenses are high, costing $11 million annually, which is 4.4% of assets and 33.8% of gross income, raising concerns about efficiency.

18% From OFS Capital: Only Santa Can Make That Happen

OFS Capital continues to underperform peers because of its limited portfolio strategy and rising non-accruals. The non-accrual rate has increased to 5.4%, indicating higher risk compared to peers like Main Street Capital, Ares Capital, and Blue Owl Capital. OFS trades at a 28.4% discount to NAV, but this discount is justified due to poor NAV growth and elevated risk profile.

OFS Capital: Worsening Non-Accrual Rate And Poor Dividend Coverage (Rating Downgrade)

OFS Capital (NASDAQ:OFS ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Steve Altebrando – Investor Relations Bilal Rashid – Chairman and Chief Executive Officer Jeff Cerny – Chief Financial Officer and Treasurer Conference Call Participants Operator Good day, and welcome to the OFS Capital Third Quarter of 2024 Earnings Conference Call. All participants will be in a listen-only mode for the duration of the call.

OFS Capital (OFS) Q3 2024 Earnings Call Transcript

OFS Capital (OFS) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.40 per share a year ago.

OFS Capital (OFS) Tops Q3 Earnings Estimates

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 September 30, 2024. THIRD QUARTER FINANCIAL HIGHLIGHTS Net investment income increased to $0.27 per common share for the quarter ended September 30, 2024 from $0.26 per common share for the quarter ended June 30, 2024. Net loss on investments was $0.15 per common share for the quarter ended September 30, 2024. See.

OFS Capital Corporation Announces Third Quarter 2024 Financial Results

CHICAGO--(BUSINESS WIRE)--OFS Capital Corporation (Nasdaq: OFS) (“OFS Capital”), a business development company, announced today that it will report its third quarter 2024 earnings results after the close of the stock market on Thursday, October 31, 2024. A conference call is scheduled for Friday, November 1, 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,.

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

FS KKR Capital Corp

BDC investing focuses on high current income streams, with less emphasis on price dynamics. As the yield component is a key value driver for BDCs, and also is usually quite high, the risk of stepping into a value trap is meaningful. In this respect, I have assessed two very high yielding BDCs.

2 BDCs Yielding Above 14%: One To Buy, One To Sell

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 (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

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

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

CHICAGO--(BUSINESS WIRE)--OFS Capital Corporation (Nasdaq: OFS) (“OFS Capital”), a business development company, announced today that it will report its second quarter 2024 earnings results after the close of the stock market on Thursday, August 1, 2024. A conference call is scheduled for Friday, August 2, 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, Ch.

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

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 (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

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

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 (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

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

CHICAGO--(BUSINESS WIRE)--OFS Capital Corporation (Nasdaq: OFS) (“OFS Capital”), a business development company, announced today that it will report its fourth quarter and full year 2023 earnings results prior to the opening of the stock market on Tuesday, March 5, 2024. A conference call is scheduled for the same day 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 Ce.

OFS Capital Corporation Announces Date for Its Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Eagle Point Credit

OFS Capital and Eagle Point Credit are very similar closed-end funds holding assets of the same type. Both offer safe-term preferred stocks protected by a 50% leverage limit. OFS Capital term preferred stock, symbol OCCIN, currently offers a 9.23% yield to maturity (annualized return), clearly the best in the sector. On the other hand, Eagle Point Credit's new term preferred, symbol ECCF, has a YTM of only 7.52%, worst in the sector, trades over par, and has the worst taxation.

Buy OFS Capital Term Preferred (OCCIN), Sell Eagle Point (ECCF) Term Preferred

Is OFS Capital (OFS) a great pick from the value investor's perspective right now? Read on to know more.

Is OFS Capital (OFS) a Great Stock for Value Investors?

AllianceBernstein Hld

Ares Commercial Real Estate

BrightSpire Capital

AG Mortgage Investment Trust

Altria

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

Oxford Lane Capital

Petroleo Brasileiro

Ready Capital Corp

AT&T

AT&T 5.35 % Notes 2017-01.11.66 Global

Invesco Senior Income Trust

Walgreens

Prior to September 30, 2023, my Readers mentioned 36 equities in their comments on my articles. Some bad-news investments (Rogues) mixed with (mostly) Favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: MVRL, FSK, T, RC, MO, BRSP, AHOTF, AB, WBA, and MITT averaged 56.52% net gains from reader data collected 11/15/23. Ten analyst-target-augured October TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: ABR, MMM, RC, O, BRSP, MO, T, AB, WBA, & MITT boasting a 47.19% average target price upside estimate.

Readers Post 31 October Dividend Buy Candidates

Ares Capital

Ares Capital currently offers a forward dividend yield that's roughly 343 basis points lower than OFS Capital. Whilst OFS is currently trading at a 20% discount to NAV per share versus an ARCC premium of 2.5%, OFS has seen this figure decline for six consecutive quarters. Total investments on non-accrual status for OFS at the end of its fiscal 2023 third quarter is 6.1x higher than ARCC.

Ares Capital Vs. OFS Capital: 2 Fat Yields, The BDC Giant Vs. A Minnow

OFS Capital (NASDAQ:OFS ) Q3 2023 Results Conference Call November 3, 2023 10:00 AM ET Company Participants Steve Altebrando - Vice President, Capital Markets Bilal Rashid - Chairman and Chief Executive Officer Jeff Cerny - Chief Financial Officer and Treasurer Conference Call Participants Mitchel Penn - Oppenheimer Operator Good morning, and welcome to the OFS Capital Corporation Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

OFS Capital (OFS) Q3 2023 Earnings Call Transcript

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 September 30, 2023. THIRD QUARTER FINANCIAL HIGHLIGHTS Net investment income increased to $0.40 per common share for the quarter ended September 30, 2023 from $0.38 per common share for the quarter ended June 30, 2023. Net loss on investments of $0.25 per common share for the quarter ended September 30, 2023, prim.

News for OFS Capital ETF (OFS)