OFS Capital (NASDAQ:OFS) Announces Quarterly Earnings Results

OFS Capital (NASDAQ:OFS) announced its earnings results on Thursday. The investment management company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02, Zacks reports. The firm had revenue of $10.92 million during the quarter, compared to analyst estimates of $10.97 million. OFS Capital had a positive return on equity of 11.19% and a negative net margin of 2.29%. During the same quarter in the prior year, the company earned $0.40 EPS.

OFS Capital Stock Down 0.4 %

Shares of OFS Capital stock traded down $0.03 on Friday, reaching $8.07. The company’s stock had a trading volume of 84,663 shares, compared to its average volume of 33,854. OFS Capital has a 52 week low of $7.75 and a 52 week high of $12.41. The firm’s fifty day simple moving average is $8.27 and its two-hundred day simple moving average is $8.81. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $108.14 million, a price-to-earnings ratio of -89.66 and a beta of 1.78.

OFS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.34 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.85%. OFS Capital’s dividend payout ratio is currently -1,510.94%.

About OFS Capital

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.