Oxford Square Capital Corp. (NASDAQ:OXSQ) Short Interest Down 31.6% in March

Oxford Square Capital Corp. (NASDAQ:OXSQ) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 3,989,485 shares, a decrease of 31.6% from the March 15th total of 5,829,646 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average daily volume of 1,661,072 shares, the days-to-cover ratio is presently 2.4 days.

Oxford Square Capital Trading Down 1.1%

OXSQ traded down $0.02 during trading on Thursday, reaching $1.87. 1,252,067 shares of the company’s stock were exchanged, compared to its average volume of 1,312,048. Oxford Square Capital has a one year low of $1.56 and a one year high of $2.59. The stock has a market capitalization of $163.64 million, a PE ratio of -7.19 and a beta of 0.45. The firm has a fifty day moving average price of $1.80 and a two-hundred day moving average price of $1.81.

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

Oxford Square Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Oxford Square Capital

A number of institutional investors have recently added to or reduced their stakes in the business. Silverberg Bernstein Capital Management LLC boosted its stake in shares of 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 valued at $189,000 after purchasing an additional 31,865 shares during the last quarter. StoneX Group Inc. bought a new stake in shares of Oxford Square Capital in the 4th quarter valued at $29,000. McIlrath & Eck LLC bought a new stake in shares of Oxford Square Capital in the 4th quarter valued at $43,000. Alpine Global Management LLC bought a new stake in shares of Oxford Square Capital in the 3rd quarter valued at $42,000. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Oxford Square Capital by 72.3% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 97,936 shares of the company’s stock valued at $155,000 after purchasing an additional 41,105 shares during the last quarter. 6.44% of the stock is 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.