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Dec 31, 2020
OFS Capital Q4 2020 Earnings Report
Announced fourth quarter and full year 2020 financial results.
Key Takeaways
OFS Capital Corporation reported a net investment income of $3.0 million, or $0.22 per common share, for the fourth quarter of 2020. The company's net asset value per share increased to $11.85 at December 31, 2020.
Fourth quarter net investment income of $3.0 million, or $0.22 per common share.
Full year 2020 net investment income of $12.3 million, or $0.92 per common share, providing a 107% distribution coverage.
At December 31, 2020, 96% of loan portfolio consisted of floating rate loans, based on fair value. 90% of our debt is fixed rate.
Net asset value per share increased to $11.85 at December 31, 2020 from $11.18 at September 30, 2020, due to unrealized appreciation of the portfolio.
Forward Guidance
OFS Capital believes there is an opportunity to continue to increase net investment income over time as they increase the pace of originations. At the same time, they intend to continue to focus on capital preservation.
Positive Outlook
- Opportunity to continue to increase net investment income over time.
- Increase the pace of originations.
- Focus on capital preservation.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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