Insider Buying: Oxford Square Capital (NASDAQ:OXSQ) CEO Acquires $166,409.60 in Stock

Oxford Square Capital Corp. (NASDAQ:OXSQ) CEO Jonathan Cohen purchased 144,704 shares of the stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $1.15 per share, with a total value of $166,409.60. Following the completion of the acquisition, the chief executive officer owned 2,417,193 shares of the company’s stock, valued at approximately $2,779,771.95. This represents a 6.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Oxford Square Capital Price Performance

Shares of NASDAQ OXSQ opened at $1.28 on Friday. The company has a market cap of $119.72 million, a PE ratio of -2.98 and a beta of 0.48. Oxford Square Capital Corp. has a 12 month low of $1.05 and a 12 month high of $2.42. The company has a 50-day simple moving average of $1.76 and a 200-day simple moving average of $1.81.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of ($23.52) million for the quarter, compared to analysts’ expectations of $9.84 million. Oxford Square Capital had a positive return on equity of 14.11% and a negative net margin of 92.37%.

Oxford Square Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.035 dividend. This represents a c) dividend on an annualized basis and a yield of 32.8%. The ex-dividend date is Wednesday, September 16th. Oxford Square Capital’s payout ratio is presently -97.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OXSQ. Dynamic Technology Lab Private Ltd acquired a new position in Oxford Square Capital during the first quarter valued at approximately $28,000. StoneX Group Inc. acquired a new position in Oxford Square Capital during the fourth quarter valued at approximately $29,000. Arkadios Wealth Advisors acquired a new position in Oxford Square Capital during the third quarter valued at approximately $32,000. Alpine Global Management LLC acquired a new position in shares of Oxford Square Capital during the third quarter worth $42,000. Finally, McIlrath & Eck LLC acquired a new position in shares of Oxford Square Capital during the fourth quarter worth $43,000. 6.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OXSQ has been the subject of a number of recent analyst reports. 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. Wall Street Zen upgraded shares of Oxford Square Capital from a “strong sell” rating to a “sell” rating in a report on Sunday, May 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Oxford Square Capital

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.