Oxford Square Capital Corp. (NASDAQ:OXSQ) Short Interest Update

Oxford Square Capital Corp. (NASDAQ:OXSQ) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 3,989,485 shares, a drop of 31.6% from the March 15th total of 5,829,646 shares. Based on an average trading volume of 1,661,072 shares, the days-to-cover ratio is currently 2.4 days. Currently, 5.0% of the company’s shares are sold short.

Oxford Square Capital Stock Down 1.1%

Shares of NASDAQ:OXSQ traded down $0.02 on Thursday, hitting $1.87. 1,252,067 shares of the company traded hands, compared to its average volume of 1,312,048. Oxford Square Capital has a 52 week low of $1.56 and a 52 week high of $2.59. The stock has a 50 day simple moving average of $1.80 and a 200-day simple moving average of $1.81. The company has a market cap of $163.64 million, a PE ratio of -7.19 and a beta of 0.45.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. Oxford Square Capital had a positive return on equity of 14.80% and a negative net margin of 46.44%.The firm had revenue of ($10.71) million during the quarter, compared to the consensus estimate of $10.15 million.

Oxford Square Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.035 per share. The ex-dividend date is Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 22.5%. Oxford Square Capital’s dividend payout ratio (DPR) is presently -161.54%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oxford Square Capital in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Oxford Square Capital has a consensus rating of “Sell”.

Hedge Funds Weigh In On Oxford Square Capital

Several institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC increased its holdings in shares of Oxford Square Capital by 65.4% during the third quarter. Millennium Management LLC now owns 763,282 shares of the company’s stock valued at $1,214,000 after acquiring an additional 301,741 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Oxford Square Capital by 167.2% during the third quarter. Squarepoint Ops LLC now owns 512,153 shares of the company’s stock valued at $814,000 after buying an additional 320,467 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Oxford Square Capital by 4.5% during the second quarter. Legal & General Group Plc now owns 468,312 shares of the company’s stock valued at $1,042,000 after buying an additional 20,205 shares during the last quarter. Moloney Securities Asset Management LLC boosted its position in shares of Oxford Square Capital by 4.9% during the third quarter. Moloney Securities Asset Management LLC now owns 163,418 shares of the company’s stock valued at $260,000 after buying an additional 7,674 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Oxford Square Capital during the second quarter valued at $332,000. 6.44% of the stock is currently owned by institutional investors.

Oxford Square Capital Company Profile

Oxford Square Capital Corp. (NASDAQ:OXSQ) is a publicly traded business development company that provides flexible financing solutions to U.S. middle-market companies. Chartered as a closed-end management investment company, Oxford Square Capital seeks to generate current income and capital appreciation by investing primarily in secured loans, mezzanine debt and equity co-investments. The firm targets businesses with established cash flows, offering tailored capital structures designed to support growth, recapitalizations and acquisitions.

The company’s investment strategy focuses on senior secured first-lien and second-lien loans, subordinated debt and preferred and common equity stakes.