OFS Capital Corp. Stock News

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 asse...

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 (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 wil...

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, ...

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.

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 lim...

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.

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. Ne...