OFS Capital ( (OFS) ) has released its Q4 earnings. Here is a breakdown of the information OFS Capital presented to its investors.
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OFS Capital Corporation is an externally managed, closed-end, non-diversified management investment company that primarily invests in privately held middle-market companies in the United States, focusing on debt and equity investments to provide stockholders with income and capital appreciation.
In its latest earnings report for the fourth quarter of 2024, OFS Capital Corporation announced an increase in net investment income per share to $0.30, up from $0.27 in the previous quarter, and a net gain on investments of $1.60 per share. The company also declared a distribution of $0.34 per share for the first quarter of 2025.
Key financial highlights include a rise in net asset value per share to $12.85 from $11.29, and a weighted-average performing income yield increase to 13.8%. The investment portfolio, valued at $409.7 million, primarily consists of floating rate loans and first and second lien loans. The company reported no new loans on non-accrual status and a decrease in issuers with loans on non-accrual status.
Looking ahead, OFS Capital remains focused on providing flexible investment solutions through various asset classes, with management expressing confidence in their strategic positioning to continue delivering value to stockholders.