OFS Credit Company, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $59.9M
- Price
- $2.04
- % Change (Daily % change from the live per-ticker quote feed.)
- -4.23%
- Volume
- 188.4K
About
OFS Credit Company, Inc. functions as an investment fund, with its activities administered by OFS Advisor.
Quick stats
Shares outstanding29.4M
Computed float29.1M
Float / shares99.0%
Key info
SectorFinancial Services
IndustryAsset Management
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001716951
AI Summary
AI-generated1/12
standardmixedearnings
OFS Credit Company Announces Financial Results for the Third Fiscal Quarter 2026
OFS Credit Company posted fiscal Q3 net investment income of $4.2 million ($0.14 per share), down from $4.4 million the prior quarter, while non-GAAP Core NII rose 14.9% to $6.3 million ($0.21 per share).
NAV fell $0.40 to $3.32 per share on an $11.3 million net loss on investments, including $8.9 million of unrealized depreciation that management attributed to spread compression and price volatility around software exposure in CLO portfolios.
Portfolio fair value of $181.5 million now sits roughly 38% below its $294.9 million amortized cost, and the asset coverage ratio slipped to 209.1% from 221.3%, though it remains above the 200% preferred-stock threshold.
Monthly $0.05 distributions were declared for September and October -- a 24.4% annualized rate on the $2.46 July 31 close -- covered 1.4x by Core NII, and the company redeemed $5.0 million of Series E preferred ahead of its mandatory December 31 redemption.
Red flags
- NAV declined 10.8% quarter-over-quarter ($3.72 to $3.32) on net investment losses
- Portfolio fair value ($181.5M) is ~38% below amortized cost ($294.9M), indicating large embedded unrealized losses
- Asset coverage ratio fell to 209.1% from 221.3%, moving toward the 200% regulatory minimum for preferred stock
- Nine-month net decrease in net assets of $40.9M; total accumulated losses of $127.1M
- Distributions may include return of capital for tax purposes; DRIP issues shares at a 5% discount to market
- GAAP NII declined QoQ on a smaller portfolio and lower interest income yield