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) reported a 3.6% increase in its quarterly distribution to $0.29 per share for Q2 2022. The company's net investment income was $3.0 million ($0.22 per share), and adjusted net investment income was $4.1 million ($0.30 per share). The net asset value per share rose to $15.52, up from $15.18 in the previous quarter. Despite a decrease in total investment income to $10.9 million, net gains on investments totaled $5.5 million. As of March 31, 2022, 93% of the loan portfolio consisted of floating rate loans.
OFS Capital Corporation (NASDAQ: OFS) is set to report its first quarter 2022 earnings results before the market opens on May 6, 2022. A conference call will follow at 10:00 a.m. Eastern Time, hosted by CEO Bilal Rashid and CFO Jeffrey Cerny. Investors can access the call online or via phone. OFS Capital focuses on providing income and capital appreciation primarily through debt investments in middle-market companies, targeting investments between $3 million and $20 million.
OFS Capital Corporation (NASDAQ: OFS) announced a quarterly distribution increase to $0.28 per share, a 12% rise from the previous quarter. The fiscal quarter ending December 31, 2021, showed a net investment income of $0.33 per share, up from $0.24 in the prior quarter, driven by higher dividend and fee income. Earnings per share for the quarter was $1.27, compared to $0.98 previously. The net asset value rose to $15.18 per share, a 28% increase year-over-year, indicating solid portfolio performance.
OFS Capital Corporation (NASDAQ: OFS) will announce its fourth quarter and full year 2021 earnings results before the stock market opens on March 4, 2022. A conference call to discuss these financial results is set for 11:00 a.m. Eastern Time on the same day, hosted by CEO Bilal Rashid and CFO Jeffrey Cerny. Investors can access the call via phone or the internet, with a replay available for 90 days after the event. OFS Capital primarily invests in privately held middle-market companies, providing both current income and capital appreciation through various debt and equity investments.
OFS Capital Corporation (NASDAQ: OFS) reported its financial results for Q3 2021, highlighting a net investment income of $3.2 million, or $0.24 per share. Adjusted net investment income was $3.3 million, or $0.25 per share. The net asset value per share rose 5.5% to $14.16. The portfolio recorded net gains of $10.2 million, and the quarterly distribution was increased by 4%. Notably, 95% of the loan portfolio consists of senior secured loans. The company also announced a public offering of $55 million in unsecured notes due 2028.
OFS Capital Corporation (NASDAQ: OFS) will release its third quarter 2021 earnings results on November 5, 2021, before the stock market opens. A conference call, hosted by Bilal Rashid and Jeffrey Cerny, will follow at 10:00 a.m. ET to discuss the financial results and business updates. Investors can access the call via phone or online at www.ofscapital.com. A replay will be available until November 15, 2021.
OFS Capital Corporation (OFS) has priced a public offering of $50 million in 4.95% notes due 2028, expected to net approximately $48.14 million after underwriting discounts. The notes mature on October 31, 2028, and can be redeemed after October 31, 2023. Proceeds will be used to pay down existing debts, including 6.25% Notes due 2023 and revolving credit borrowings. The offering will close on October 28, 2021, with plans for the notes to trade on Nasdaq under the ticker OFSSH.
OFS Capital Corporation has initiated an underwritten offering of unsecured notes (the “Notes”), pending market conditions. The intended listing is on Nasdaq under symbol “OFSSH”. Proceeds will be used to retire existing debts, including $25 million of 6.25% Notes due 2023 and $54.3 million of 5.95% Notes due 2026. The offering also addresses $78.1 million outstanding under the BNP facility, due June 2024. Joint managers include Ladenburg Thalmann and Goldman Sachs. Investors are urged to review the preliminary prospectus dated October 21, 2021, for risks and objectives.
OFS Capital Corporation (NASDAQ: OFS) provided preliminary financial estimates for Q3 2021, reporting a net asset value per share of $14.11-$14.21, up from $13.42 in Q2 2021. Net investment income is estimated at $0.23-$0.25 per share, compared to $0.24 in the prior quarter. Adjusted net investment income stands at $0.24-$0.26 per share. Additionally, SBA debentures were reduced by $25.6 million, and total debt decreased to $320.1 million from $323.9 million. Cash and unused credit facilities totaled $7.0 million.
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.
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