OFS Capital (OFS) Misses Q1 EPS by 3c

OFS Capital (NASDAQ: OFS) reported Q1 EPS of $0.34, $0.03 worse than the analyst estimate of $0.37.

• Net investment income of $3.3 million, or $0.34 per share.
• Adjusted net investment income of $3.6 million, or $0.37 per share, which approximated 110% of our distribution for the first quarter, representing the eighth straight quarter our adjusted net investment income covered the distribution(1).
• Net asset value ("NAV") increased to $14.98 per share at March 31, 2017 from $14.82 per share at December 31, 2016 and there were no cash non-accruals.
• Two-thirds of our loan portfolio was floating rate and the weighted average yield of our loan portfolio was 12.03% as of March 31, 2017.
• 100% of our debt is fixed rate with a weighted average cost of 3.60% as of March 31, 2017; 95% of our debt matures in 2022 and beyond.
• Closed investments totaled $6.1 million in the first quarter of 2017; as of May 5, 2017, we closed approximately $29.0 million of additional new investments during the second quarter of 2017.
• On May 2, 2017, OFS Capital\'s Board of Directors declared a distribution of $0.34 per share for the second quarter of 2017, payable on June 30, 2017 to stockholders of record as of June 16, 2017.

For earnings history and earnings-related data on OFS Capital (OFS) click here.

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