OFS Capital Corp
F:9UD
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
O
|
OFS Capital Corp
F:9UD
|
US |
|
A
|
Altria Group Inc
DUS:PHM7
|
US |
|
A
|
Atmos Energy Corp
SWB:AEO
|
US |
|
A
|
Active Biotech AB publ
XBER:BTPC
|
SE |
|
S
|
Sands China Ltd
XBER:599A
|
MO |
|
L
|
L'Air Liquide Societe Anonyme pour l'Etude et l'Exploitation des Procedes Georges Claude SA
XMUN:AIL
|
FR |
|
Pop Mart International Group Ltd
OTC:PMRTY
|
CN |
|
Pembina Pipeline Corp
TSX:PPL
|
CA |
|
N
|
Nordic American Tanker Ltd
LSE:0UC0
|
BM |
|
B
|
BYD Co Ltd
XMUN:BY6
|
CN |
|
S
|
Sula Vineyards Ltd
BSE:543711
|
IN |
|
W
|
Welltower Inc
LSE:0LUS
|
US |
|
G
|
Glencore PLC
BMV:GLENN
|
CH |
|
U
|
Ultragenyx Pharmaceutical Inc
F:UP0
|
US |
|
Controladora Vuela Compania de Aviacion SAB de CV
LSE:0I3G
|
MX |
|
Rexford Industrial Realty Inc
NYSE:REXR
|
US |
|
Conduent Inc
NASDAQ:CNDT
|
US |
|
A
|
ADTRAN Holdings Inc
SWB:QH9
|
US |
|
Evolus Inc
NASDAQ:EOLS
|
US |
|
C
|
Conagra Brands Inc
LSE:0I2P
|
US |
|
Brandywine Realty Trust
NYSE:BDN
|
US |
|
Publicis Groupe SA
OTC:PUBGY
|
FR |
|
A
|
Anika Therapeutics Inc
F:AKP
|
US |
|
N
|
NetEase Inc
BMV:NTESN
|
CN |
OFS Capital Corp
OFS Capital Corp is a specialty finance company that lends money to smaller U.S. businesses and sometimes takes equity stakes in them. It mainly targets middle-market companies that need capital for growth, acquisitions, refinancing, or working capital, and it often structures loans with custom terms rather than selling plain vanilla bank credit. The company makes money mostly from interest on its debt investments and fees tied to arranging or managing those loans. It also seeks gains from its equity and other investment holdings when those portfolio companies grow or are sold. Because it is a business development company, OFS Capital is built to pass capital from investors into private businesses that may not have easy access to public markets. That makes its role different from a regular bank or asset manager. It sits between traditional lenders and the private companies that need flexible financing, using a mix of secured loans, subordinated debt, and equity to earn income and share in upside.
OFS Capital Corp is a specialty finance company that lends money to smaller U.S. businesses and sometimes takes equity stakes in them. It mainly targets middle-market companies that need capital for growth, acquisitions, refinancing, or working capital, and it often structures loans with custom terms rather than selling plain vanilla bank credit.
The company makes money mostly from interest on its debt investments and fees tied to arranging or managing those loans. It also seeks gains from its equity and other investment holdings when those portfolio companies grow or are sold. Because it is a business development company, OFS Capital is built to pass capital from investors into private businesses that may not have easy access to public markets.
That makes its role different from a regular bank or asset manager. It sits between traditional lenders and the private companies that need flexible financing, using a mix of secured loans, subordinated debt, and equity to earn income and share in upside.
Income: Net investment income was $0.18 per share, covering the $0.17 quarterly distribution for a second straight quarter, though it fell $0.02 from the prior quarter.
NAV: Net asset value dropped to $8.16 per share from $9.19, mainly because of unrealized depreciation in CLO holdings and weaker loan prices.
Balance Sheet: The company extended debt maturities out to 2028-2031 and cut total debt by $45.6 million over the last 4 quarters.
Portfolio: Nonaccruals improved slightly overall, and management said the portfolio remains heavily senior secured, with 98% of loan holdings in first lien positions.
Outlook: Management expects continued pressure on top-line income from lower rates and deleveraging, but remains confident in its capital structure and liquidity flexibility.
Pfanstiehl: The company is still working on a possible monetization of its Pfanstiehl equity stake, which management sees as a way to improve net investment income and reduce concentration.
