NASDAQ$OFS
Ofs Capital Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Announced first quarter 2024 financial results and declared second quarter distribution of $0.34 per share.
OFS Capital Corporation announced its financial results for the fiscal quarter ended March 31, 2024. Net investment income increased to $0.42 per common share. The investment portfolio’s weighted-average performing income yield decreased to 13.0% from 14.1% during the prior quarter.
- Net investment income increased to $0.42 per common share for the quarter ended March 31, 2024 from $0.35 per common share for the quarter ended December 31, 2023.
- Net loss on investments of $1.09 per common share for the quarter ended March 31, 2024, primarily comprised of net unrealized depreciation of $1.15 per common share.
- Net asset value decreased from $12.09 as of December 31, 2023 to $11.08 as of March 31, 2024.
- As of March 31, 2024, based on fair value, 91% of the loan portfolio consisted of floating rate loans and approximately 100% of the loan portfolio consisted of first lien and second lien loans.
Headline financials
Revenue & EPS history
OFS Capital · Revenue · Quarterly
$6.39M
Forward guidance
Management believes that the Company continues to benefit from the current interest rate environment due to a high percentage of floating rate loans in the portfolio and a majority of liabilities that have a fixed rate of interest.
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 2024
+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% |
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