OFS Capital (NASDAQ:OFS) Announces Earnings Results

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

OFS Capital Trading Down 0.4 %

Shares of NASDAQ OFS traded down $0.03 during trading hours on Friday, hitting $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 12 month low of $7.75 and a 12 month high of $12.41. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.04 and a current ratio of 0.04. The business has a 50-day simple moving average of $8.27 and a 200-day simple moving average of $8.81. The stock has a market cap of $108.14 million, a price-to-earnings ratio of -89.66 and a beta of 1.78.

OFS Capital Announces Dividend

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

OFS Capital Company Profile

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.