Oxford Square Capital (NASDAQ:OXSQ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Oxford Square Capital (NASDAQ:OXSQ) from a sell rating to a hold rating in a report released on Saturday.

Separately, Weiss Ratings downgraded shares of Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Oxford Square Capital Stock Performance

Shares of OXSQ opened at $1.45 on Friday. The firm has a market cap of $135.62 million, a PE ratio of -3.22 and a beta of 0.36. The firm’s 50 day moving average price is $1.40 and its 200 day moving average price is $1.64. Oxford Square Capital has a twelve month low of $1.05 and a twelve month high of $2.42.

Oxford Square Capital (NASDAQ:OXSQ) last posted its earnings results on Friday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Oxford Square Capital had a negative net margin of 93.65% and a positive return on equity of 14.23%. The firm had revenue of $9.40 million during the quarter, compared to analysts’ expectations of $8.32 million.

Oxford Square Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be paid a $0.035 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 29.0%. The ex-dividend date of this dividend is Thursday, December 17th. Oxford Square Capital’s dividend payout ratio (DPR) is presently -93.33%.

Insider Buying and Selling

In related news, CEO Jonathan H. Cohen bought 144,704 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $1.15 per share, with a total value of $166,409.60. Following the completion of the transaction, the chief executive officer directly owned 2,417,193 shares of the company’s stock, valued at $2,779,771.95. This trade represents a 6.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Saul B. Rosenthal purchased 144,703 shares of the stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of $1.15 per share, for a total transaction of $166,408.45. Following the acquisition, the chief operating officer owned 2,201,479 shares of the company’s stock, valued at approximately $2,531,700.85. The trade was a 7.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 6.50% of the stock is currently owned by company insiders.

Institutional Trading of Oxford Square Capital

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Oxford Square Capital during the 2nd quarter worth $383,000. McIlrath & Eck LLC raised its holdings in Oxford Square Capital by 166.8% in the 1st quarter. McIlrath & Eck LLC now owns 65,375 shares of the company’s stock worth $116,000 after acquiring an additional 40,875 shares during the period. Silverberg Bernstein Capital Management LLC raised its holdings in Oxford Square Capital by 42.6% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 106,710 shares of the company’s stock worth $189,000 after acquiring an additional 31,865 shares during the period. StoneX Group Inc. bought a new position in Oxford Square Capital in the 4th quarter worth $29,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in Oxford Square Capital by 72.3% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 97,936 shares of the company’s stock worth $155,000 after acquiring an additional 41,105 shares during the last quarter. 6.44% of the stock is currently owned by institutional investors and hedge funds.

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.