OFS Capital (NASDAQ:OFS) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

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

OFS Capital Price Performance

OFS stock traded down $0.03 during mid-day trading on Friday, hitting $8.07. The company had a trading volume of 84,663 shares, compared to its average volume of 33,854. 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 has a 12-month low of $7.75 and a 12-month high of $12.41. 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 50-day moving average price of $8.27 and a 200 day moving average price of $8.81.

OFS Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend 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 -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.