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.
OFS Capital (Nasdaq: OFS) reported its Q3 2024 financial results with net investment income increasing to $0.27 per share from $0.26 in Q2 2024. The company experienced a net loss on investments of $0.15 per share, and net asset value decreased to $11.29 from $11.51. The investment portfolio's weighted-average performing income yield improved to 13.6% from 13.4%. The Board declared a Q4 distribution of $0.34 per share. As of September 30, 2024, the portfolio consisted of 91% floating rate loans, with total investments of $394.7 million, comprising debt investments ($231.1M), equity investments ($89.8M), and structured finance securities ($73.8M).
OFS Capital (Nasdaq: OFS) has announced it will release its third quarter 2024 earnings after market close on Thursday, October 31, 2024. A conference call is scheduled for Friday, November 1, 2024, at 10:00 a.m. Eastern Time, hosted by Chairman & CEO Bilal Rashid and CFO Jeffrey Cerny. OFS Capital is a business development company focusing on middle-market companies in the US, investing primarily in privately held companies with EBITDA between $5 million and $50 million. Their investment range is typically $3 million to $20 million, offering solutions through various asset classes including senior secured loans and subordinated loans.
OFS Capital (NASDAQ: OFS) reported its Q2 2024 financial results. Net investment income decreased to $0.26 per share from $0.42 in Q1 2024. The company saw a net gain on investments of $0.51 per share, primarily due to net unrealized appreciation of $0.83 per share, partially offset by net realized losses of $0.32 per share. Net asset value per share increased to $11.51 from $11.08 in Q1 2024. The investment portfolio's weighted-average performing income yield rose to 13.4% from 13.0% in the previous quarter. The Board declared a Q3 distribution of $0.34 per share. As of June 30, 2024, 92% of the loan portfolio consisted of floating rate loans, and approximately 100% were first lien and second lien loans.
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.
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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