OFS Capital (NASDAQ:OFS) Announces Earnings Results

OFS Capital (NASDAQ:OFS) released its quarterly earnings data on Thursday. The investment management company reported $0.27 EPS for the quarter, beating 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 business had revenue of $10.92 million during the quarter, compared to the consensus estimate of $10.97 million. During the same quarter in the prior year, the firm earned $0.40 EPS.

OFS Capital Price Performance

NASDAQ:OFS traded down $0.03 during trading hours on Friday, reaching $8.07. The stock had a trading volume of 84,663 shares, compared to its average volume of 33,854. 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 stock has a market capitalization of $108.14 million, a PE ratio of -89.66 and a beta of 1.78. OFS Capital has a 52 week low of $7.75 and a 52 week high of $12.41. The company has a 50 day moving average price of $8.27 and a two-hundred day moving average price of $8.81.

OFS Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 16.85%. The ex-dividend date of this dividend is Friday, December 20th. OFS Capital’s dividend payout ratio is presently -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.