Oxford Square Capital (NASDAQ:OXSQ) Upgraded to Hold 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 research report report published on Saturday morning.

Separately, Weiss Ratings cut Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Oxford Square Capital Stock Performance

OXSQ opened at $1.49 on Friday. The firm’s fifty day moving average is $1.40 and its two-hundred day moving average is $1.64. The firm has a market cap of $139.36 million, a PE ratio of -3.31 and a beta of 0.36. 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 announced its quarterly earnings results on Friday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $9.40 million during the quarter, compared to analyst estimates of $8.32 million. Oxford Square Capital had a negative net margin of 93.65% and a positive return on equity of 14.23%.

Oxford Square Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be issued a dividend of $0.035 per share. The ex-dividend date is Thursday, December 17th. This represents a c) dividend on an annualized basis and a dividend yield of 28.2%. Oxford Square Capital’s dividend payout ratio (DPR) is presently -93.33%.

Insider Buying and Selling

In other news, CEO Jonathan H. Cohen bought 144,704 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $1.15 per share, with a total value of $166,409.60. Following the transaction, the chief executive officer owned 2,417,193 shares in the company, valued at $2,779,771.95. This represents a 6.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Saul B. Rosenthal bought 144,703 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $1.15 per share, for a total transaction of $166,408.45. Following the purchase, the chief operating officer directly owned 2,201,479 shares in the company, valued at approximately $2,531,700.85. This represents a 7.04% increase in their position. 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 have recently made changes to their positions in the business. Squarepoint Ops LLC increased its position in shares of Oxford Square Capital by 167.2% in the third quarter. Squarepoint Ops LLC now owns 512,153 shares of the company’s stock valued at $814,000 after acquiring an additional 320,467 shares during the last quarter. Millennium Management LLC boosted its position in 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 purchasing an additional 301,741 shares during the last quarter. BlackRock Inc. acquired a new position in Oxford Square Capital during the second quarter valued at approximately $383,000. Marshall Wace LLP bought a new position in Oxford Square Capital in the second quarter valued at approximately $332,000. Finally, Virtu Financial LLC bought a new position in Oxford Square Capital in the third quarter valued at approximately $119,000. Institutional investors own 6.44% of the company’s stock.

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.