Legal & General Group Plc Has $1.38 Million Stake in Oxford Square Capital Corp (OXSQ)
Legal & General Group Plc grew its position in Oxford Square Capital Corp (NASDAQ:OXSQ) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 213,551 shares of the company’s stock after purchasing an additional 13,797 shares during the quarter. Legal & General Group Plc owned approximately 0.44% of Oxford Square Capital worth $1,384,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of OXSQ. Quantamental Technologies LLC bought a new stake in shares of Oxford Square Capital in the 4th quarter valued at $30,000. Great West Life Assurance Co. Can lifted its position in shares of Oxford Square Capital by 13.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 13,972 shares of the company’s stock valued at $87,000 after acquiring an additional 1,644 shares during the period. First Foundation Advisors lifted its position in shares of Oxford Square Capital by 19.8% during the 4th quarter. First Foundation Advisors now owns 15,126 shares of the company’s stock valued at $98,000 after acquiring an additional 2,500 shares during the period. Koshinski Asset Management Inc. acquired a new position in shares of Oxford Square Capital during the 4th quarter valued at $139,000. Finally, Palo Capital Inc. acquired a new position in shares of Oxford Square Capital during the 3rd quarter valued at $149,000. 15.35% of the stock is currently owned by institutional investors.
Oxford Square Capital stock opened at $6.35 on Monday. Oxford Square Capital Corp has a 12-month low of $5.89 and a 12-month high of $7.52. The firm has a market cap of $302.58 million, a P/E ratio of 9.48 and a beta of 0.50.
The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be given a dividend of $0.067 per share. The ex-dividend date is Monday, April 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.66%. Oxford Square Capital’s payout ratio is presently 119.40%.
A number of research analysts recently issued reports on OXSQ shares. TheStreet upgraded shares of Oxford Square Capital from a “c+” rating to a “b-” rating in a research report on Friday, February 22nd. Zacks Investment Research upgraded shares of Oxford Square Capital from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research report on Saturday, March 2nd. National Securities reiterated a “sell” rating and set a $5.00 target price on shares of Oxford Square Capital in a research report on Thursday, March 28th. Finally, Barclays set a $5.00 target price on shares of Oxford Square Capital and gave the company a “sell” rating in a research report on Tuesday, January 22nd.
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Oxford Square Capital 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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