According to Zacks, “Oxford Square Capital Corp. is a business development company principally investing in syndicated bank loans and debt and equity tranches of CLO vehicles. Oxford Square Capital Corp., formerly known as TICC Capital Corp., is based in Greenwich, United States. “
Separately, ValuEngine downgraded shares of Oxford Square Capital from a hold rating to a sell rating in a research report on Thursday, April 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating to the company. Oxford Square Capital currently has an average rating of Hold and a consensus target price of $2.75.
Shares of Oxford Square Capital stock opened at $2.80 on Tuesday. The business has a 50-day moving average price of $2.90 and a two-hundred day moving average price of $4.09. Oxford Square Capital has a 1-year low of $2.04 and a 1-year high of $6.76. The company has a market cap of $135.88 million, a P/E ratio of -1.09 and a beta of 1.11.
Oxford Square Capital (NASDAQ:OXSQ) last announced its earnings results on Tuesday, April 28th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $10.83 million for the quarter. Oxford Square Capital had a negative net margin of 190.45% and a positive return on equity of 15.01%. Analysts forecast that Oxford Square Capital will post 0.47 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of 15.00%. The ex-dividend date is Tuesday, September 15th. Oxford Square Capital’s dividend payout ratio (DPR) is currently 98.77%.
A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada raised its position in shares of Oxford Square Capital by 6.2% during the first quarter. Royal Bank of Canada now owns 82,479 shares of the company’s stock worth $210,000 after purchasing an additional 4,779 shares during the period. WESPAC Advisors SoCal LLC bought a new stake in Oxford Square Capital during the 1st quarter valued at $31,000. Jane Street Group LLC acquired a new position in Oxford Square Capital during the fourth quarter worth $63,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Oxford Square Capital in the fourth quarter valued at $64,000. Finally, Principal Financial Group Inc. bought a new position in shares of Oxford Square Capital in the first quarter valued at $33,000. 13.09% of the stock is owned by hedge funds and other institutional investors.
Oxford Square Capital Company Profile
Oxford Square Capital Corp. is a business development company, operates as a closed-end, non-diversified management investment company. It is a private equity and mezzanine firm. The firm invests in both public and private companies. It invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, common stock and syndicated bank loans.
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