NASDAQ$OFS
Ofs Capital Corp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Announced financial results for the first quarter of 2023 and declared a second quarter distribution of $0.33 per share.
OFS Capital Corporation reported a net investment income of $0.37 per common share for the quarter ended March 31, 2023, an increase from $0.35 per common share for the quarter ended December 31, 2022. The investment portfolio's weighted-average performing income yield increased to 13.0% from 12.7% during the prior quarter. The Board of Directors declared a distribution of $0.33 per common share for the second quarter of 2023.
- Net investment income of $0.37 per common share for the quarter ended March 31, 2023, an increase from $0.35 per common share for the quarter ended December 31, 2022.
- Net loss on investments of $0.09 per common share, primarily comprised of unrealized losses; there were no new non-accrual loans.
- Net asset value (“NAV”) per common share decreased from $13.47 at December 31, 2022 to $13.42 at March 31, 2023.
- The investment portfolio’s weighted-average performing income yield increased to 13.0% from 12.7% during the prior quarter.
Headline financials
Revenue & EPS history
OFS Capital · Revenue · Quarterly
$5.12M
Forward guidance
OFS Capital expects to continue to see the benefits of its positioning in this rising interest rate environment with the vast majority of its loan portfolio being floating rate and the majority of its debt being fixed-rate.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+1.2%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-0.6%
Avg return
30 days after
53%
10 / 19 earnings
Positive
+14.2%
Q3 2022
Best reaction
-8.1%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.2% | -2.0% | -14.4% | |
| Q4 2025 | -3.9% | -6.7% | -17.9% | |
| Q3 2025 | -0.1% | -26.9% | -32.0% | |
| Q1 2025 | -1.2% | -3.1% | -6.4% | |
| Q4 2024 | +4.2% | +6.9% | +8.6% | |
| Q3 2024 | -1.0% | -2.3% | -0.5% | |
| Q2 2024 | -5.0% | -5.3% | -4.8% | |
| Q1 2024 | -2.5% | -2.4% | +0.6% | |
| Q4 2023 | -8.1% | -8.5% | -12.5% | |
| Q3 2023 | +1.7% | +5.5% | +9.8% | |
| Q2 2023 | +0.3% | -1.7% | +5.0% | |
| Q1 2023 | +1.1% | +3.0% | -1.4% | |
| Q4 2022 | +8.2% | +7.7% | +4.1% | |
| Q3 2022 | +14.2% | +11.3% | +13.0% | |
| Q2 2022 | -0.1% | -2.2% | -6.8% | |
| Q1 2022 | -2.5% | -0.9% | +2.6% | |
| Q4 2021 | +9.1% | +10.9% | +33.1% | |
| Q3 2021 | +3.4% | +0.9% | +0.2% | |
| Q4 2020 | +4.3% | +7.0% | +7.9% |
Discussion
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