Oxford Square Capital (NASDAQ:OXSQ) Trading 1.8% Higher – Should You Buy?

Oxford Square Capital Corp. (NASDAQ:OXSQ) shares were up 1.8% during mid-day trading on Tuesday . The stock traded as high as $1.46 and last traded at $1.4450. Approximately 1,653,834 shares were traded during mid-day trading, an increase of 22% from the average session volume of 1,356,247 shares. The stock had previously closed at $1.42.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wall Street Zen raised shares of Oxford Square Capital from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 17th. Weiss Ratings downgraded shares of 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, Oxford Square Capital has a consensus rating of “Sell”.

Oxford Square Capital Price Performance

The firm has a market capitalization of $138.42 million, a price-to-earnings ratio of -3.44 and a beta of 0.38. The stock has a 50 day moving average price of $1.46 and a two-hundred day moving average price of $1.69.

Oxford Square Capital (NASDAQ:OXSQ) last posted its earnings results on Wednesday, April 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 Announces Dividend

The business also recently disclosed 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 28.4%. Oxford Square Capital’s dividend payout ratio (DPR) is -97.67%.

Insider Activity at Oxford Square Capital

In other news, CEO Jonathan H. Cohen bought 144,704 shares of Oxford Square Capital stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average price of $1.15 per share, for a total transaction of $166,409.60. Following the completion of the acquisition, the chief executive officer owned 2,417,193 shares of the company’s stock, valued at $2,779,771.95. The trade was a 6.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Saul B. Rosenthal acquired 144,703 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the chief operating officer owned 2,201,479 shares in the company, valued at approximately $2,531,700.85. This trade represents a 7.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Oxford Square Capital

Large investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Oxford Square Capital in the 1st quarter valued at approximately $28,000. StoneX Group Inc. acquired a new stake in Oxford Square Capital during the 4th quarter valued at $29,000. Legal & General Group Plc lifted its holdings in shares of Oxford Square Capital by 4.5% in the second quarter. Legal & General Group Plc now owns 468,312 shares of the company’s stock valued at $1,042,000 after purchasing an additional 20,205 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Oxford Square Capital in the fourth quarter worth $43,000. Finally, Alpine Global Management LLC acquired a new stake in shares of Oxford Square Capital in the third quarter worth $42,000. Institutional investors own 6.44% of the company’s stock.

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.