Loading...
•
Sep 30, 2023
OFS Capital Q3 2023 Earnings Report
Announced third quarter 2023 financial results and declared fourth quarter distribution of $0.34 per share.
Key Takeaways
OFS Capital Corporation announced its financial results for the fiscal quarter ended September 30, 2023, reporting an increase in net investment income to $0.40 per common share. The investment portfolio's weighted-average performing income yield increased to 14.6%.
Net investment income increased to $0.40 per common share for the quarter ended September 30, 2023 from $0.38 per common share for the quarter ended June 30, 2023.
Net loss on investments of $0.25 per common share for the quarter ended September 30, 2023, primarily comprised of net unrealized depreciation.
Net asset value (“NAV”) per common share of $12.74, as of September 30, 2023.
For the quarter ended September 30, 2023, the investment portfolio’s weighted-average performing income yield increased to 14.6% from 13.8% during the prior quarter, primarily due to non-recurring interest income.
Forward Guidance
Management believes that the Company’s balance sheet is well positioned in the current interest rate environment with the vast majority of our loan portfolio being floating rate and the majority of our debt being fixed-rate.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...