Recap: OFS Capital Q3 Earnings

Shares of OFS Capital OFS remained unaffected after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 44.44% over the past year to $0.20, which were in line with the estimate of $0.20.

Revenue of $10,487,000 decreased by 24.33% year over year, which missed the estimate of $10,760,000.

Looking Ahead

OFS Capital hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Nov 06, 2020

Time: 10:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/ofs/mediaframe/41518/indexr.html

Technicals

Company's 52-week high was at $12.09

Company's 52-week low was at $3.39

Price action over last quarter: down 14.41%

Company Overview

OFS Capital Corp is an externally managed, closed-end, non-diversified management investment company. Its business objective is to generate current income and capital appreciation by investing primarily in middle-market companies in the United States. The company focuses on investments in senior secured loans, including first lien, second lien, and unitranche loans, as well as subordinated loans and, to a lesser extent, warrants and other equity securities. The investment activities of the organization are managed by OFS Capital Management, LLC.