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 Corporation (NASDAQ: OFS) has announced its first quarter 2023 earnings results will be reported before the stock market opens on
OFS Capital Corporation (OFS) reported its financial results for Q4 2022, highlighting a 10% increase in quarterly distributions to $0.33 per share. For the quarter, net investment income rose to $0.35 per share, while the net loss on investments was $0.17 per share. The net asset value decreased to $13.47 from $13.58. The company’s investment portfolio, at fair value, stood at $500.6 million with a weighted-average performing income yield of 12.7%. Cash as of December 31, 2022, was $14.9 million. A conference call to discuss results will be held on March 3, 2023.
OFS Capital Corporation (NASDAQ: OFS) will report its fourth quarter and full year 2022 earnings on March 3, 2023, prior to market opening. A conference call will follow at 10:00 a.m. ET, hosted by Chairman & CEO Bilal Rashid and CFO Jeffrey Cerny. Investors can access the call via the company’s website or by phone. Replay will be available until March 13, 2023. OFS Capital, a business development company, focuses on providing current income and capital appreciation primarily through debt investments in middle-market companies in the U.S.
OFS Capital Corporation (NASDAQ: OFS) announced a 4th quarter distribution increase to $0.30 per share, a 3.4% rise from the previous quarter. The company reported net investment income of $4.4 million or $0.33 per share, up from $3.3 million or $0.24 per share in the prior quarter. Despite this, the company faced a net loss on investments of $1.04 per share, mainly due to unrealized losses. The investment portfolio's weighted-average performing income yield improved to 11.6%.
OFS Capital Corporation (NASDAQ: OFS) announced it will report its third quarter 2022 earnings on November 4, 2022, before market opens. A conference call to discuss the results will be held at 10:00 a.m. Eastern Time, hosted by CEO Bilal Rashid and CFO Jeffrey Cerny. Interested listeners can access the call via the company’s website or through dedicated phone lines. The replay will be available until November 14, 2022. OFS Capital focuses on providing income and capital appreciation through investments in middle-market companies.
OFS Capital Corporation (NASDAQ: OFS) announced a distribution of $0.29 per common share for Q3 2022, payable on September 30, 2022. For the quarter ended June 30, 2022, net investment income was $6.2 million ($0.47 per share), while adjusted net investment income was $3.3 million ($0.24 per share). The company reported a net loss on investments of $1.12 per share, with net asset value decreasing to $14.57 from $15.52 in Q1 2022. Approximately 98% of its loan portfolio is senior secured, and 93% consists of floating rate loans.
OFS Capital Corporation (NASDAQ: OFS) will report its second quarter 2022 earnings on August 5, 2022, before market opening. A conference call to discuss the results is scheduled for 10:00 a.m. Eastern Time on the same day, hosted by Bilal Rashid and Jeffrey Cerny.
Interested listeners can register online or join via phone. Replay of the call will be available until August 15, 2022. OFS Capital focuses on providing income and capital appreciation through debt and equity investments in middle-market companies.
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