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CHICAGO, June 11, 2025 – OFS Capital Corporation (NASDAQ:OFS), a business development company with a market capitalization of $121.39 million and an attractive P/E ratio of 4.06, announced the results of its 2025 Annual Meeting of Stockholders held today. According to InvestingPro data, the company maintains a "GREAT" financial health score of 3.05. Stockholders holding a total of 9,138,819 shares were present in person or by proxy, representing a majority of the 13,398,078 shares entitled to vote.
Two key matters were presented for shareholder vote: the election of a Class I director and the ratification of KPMG LLP as the company’s independent auditor for the fiscal year ending December 31, 2025. Elaine E. Healy was elected as a Class I Director, serving a three-year term until the 2028 annual meeting or until her successor is elected and qualified. Additionally, the appointment of KPMG LLP as the independent registered public accounting firm was ratified.
The final voting results for the election of the Class I director were as follows: Elaine E. Healy received 5,733,669 votes for, 247,752 votes were withheld, and there were 3,157,398 broker non-votes. The ratification of KPMG LLP as the company’s independent auditor saw 8,923,940 votes for, 94,579 against, and 120,300 abstentions. The company’s strong financial position is evidenced by its healthy current ratio of 2.23, indicating solid liquidity management.
Continuing directors whose terms did not expire at the Annual Meeting include Romita Shetty and Bilal Rashid as Class II directors, with terms expiring in 2026, and Ashwin Ranganathan and Jeffrey A. Cerny as Class III directors, with terms expiring in 2027.
The information provided is based on the company’s recent SEC filing. Notable for investors, OFS Capital has maintained dividend payments for 13 consecutive years, currently offering a substantial 15.21% dividend yield. For detailed analysis and additional insights, access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US equities with deep-dive analysis and actionable intelligence.
In other recent news, OFS Capital Corp reported its Q1 2025 earnings, revealing a shortfall in both earnings per share (EPS) and revenue compared to analyst expectations. The company announced an EPS of $0.26, which fell below the projected $0.30, while revenue reached $10.3 million, missing the anticipated $11.32 million. Despite these challenges, OFS Capital maintained its quarterly distribution at $0.34 per share, indicating a 14.6% annualized yield. The company has adopted a cautious approach to capital deployment due to ongoing economic uncertainties. OFS Capital’s net asset value per share decreased to $11.97 from $12.85, reflecting broader market conditions. The company also highlighted a stable loan portfolio with no new non-accruals reported during the quarter. CEO Bilal Rashid emphasized the company’s focus on capital preservation amidst the uncertain economic outlook. OFS Capital remains committed to its investment strategy, primarily focusing on senior secured loans.
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