Insider Buying: Oxford Square Capital (NASDAQ:OXSQ) CEO Buys 144,704 Shares of Stock

Oxford Square Capital Corp. (NASDAQ:OXSQ) CEO Jonathan Cohen purchased 144,704 shares of Oxford Square Capital stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of $1.15 per share, for a total transaction of $166,409.60. Following the completion of the transaction, the chief executive officer directly owned 2,417,193 shares in the company, valued at $2,779,771.95. This represents a 6.37% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Oxford Square Capital Stock Down 2.3%

Shares of NASDAQ:OXSQ opened at $1.27 on Thursday. Oxford Square Capital Corp. has a 52-week low of $1.05 and a 52-week high of $2.42. The company has a 50 day moving average of $1.78 and a two-hundred day moving average of $1.82. The company has a market capitalization of $118.78 million, a price-to-earnings ratio of -2.95 and a beta of 0.48.

Oxford Square Capital (NASDAQ:OXSQ) last posted its 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 analyst estimates 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 firm 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 $0.035 dividend. The ex-dividend date is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 33.1%. Oxford Square Capital’s payout ratio is -97.67%.

Institutional Investors Weigh In On Oxford Square Capital

A number of institutional investors have recently made changes to their positions in the company. McIlrath & Eck LLC increased its holdings in shares of Oxford Square Capital by 166.8% in the 1st quarter. McIlrath & Eck LLC now owns 65,375 shares of the company’s stock valued at $116,000 after acquiring an additional 40,875 shares during the last quarter. Silverberg Bernstein Capital Management LLC lifted its stake in Oxford Square Capital by 42.6% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 106,710 shares of the company’s stock worth $189,000 after purchasing an additional 31,865 shares during the last quarter. StoneX Group Inc. acquired a new position in Oxford Square Capital in the fourth quarter worth $29,000. Alpine Global Management LLC acquired a new position in Oxford Square Capital in the third quarter worth $42,000. Finally, CANADA LIFE ASSURANCE Co increased its stake in Oxford Square Capital by 72.3% during the third 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 currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wall Street Zen upgraded Oxford Square Capital from a “strong sell” rating to a “sell” rating in a research note on Sunday. Weiss Ratings cut shares of Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

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.