Zacks Investment Research upgraded shares of Oxford Square Capital (NASDAQ:OXSQ) from a hold rating to a buy rating in a research note published on Friday morning, Zacks.com reports. The brokerage currently has $7.00 target price on the stock.

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. “

Several other analysts also recently commented on the company. National Securities reissued a sell rating and issued a $5.00 price objective on shares of Oxford Square Capital in a research note on Monday, May 6th. TheStreet lowered Oxford Square Capital from a b- rating to a c rating in a report on Friday, April 12th. Finally, Barclays set a $5.00 target price on Oxford Square Capital and gave the company a sell rating in a report on Tuesday, January 22nd.

Shares of Oxford Square Capital stock opened at $6.31 on Friday. The company has a market capitalization of $304.59 million, a PE ratio of 9.43 and a beta of 0.49. Oxford Square Capital has a 52 week low of $5.89 and a 52 week high of $7.52.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $14.23 million during the quarter. Oxford Square Capital had a positive return on equity of 10.06% and a negative net margin of 13.93%. As a group, equities research analysts predict that Oxford Square Capital will post 0.72 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 24th will be issued a $0.067 dividend. This represents a $0.80 annualized dividend and a dividend yield of 12.74%. The ex-dividend date of this dividend is Tuesday, July 23rd. Oxford Square Capital’s dividend payout ratio is presently 119.40%.

Several hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can grew its holdings in shares of Oxford Square Capital by 13.3% in the fourth 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 in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Oxford Square Capital by 10.8% in the first quarter. Stratos Wealth Partners LTD. now owns 20,600 shares of the company’s stock valued at $134,000 after acquiring an additional 2,000 shares in the last quarter. First Foundation Advisors grew its holdings in shares of Oxford Square Capital by 19.8% in the fourth 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 in the last quarter. Legal & General Group Plc grew its holdings in shares of Oxford Square Capital by 1.4% in the third quarter. Legal & General Group Plc now owns 199,754 shares of the company’s stock valued at $1,423,000 after acquiring an additional 2,662 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of Oxford Square Capital by 14.2% in the fourth quarter. Stephens Inc. AR now owns 24,198 shares of the company’s stock valued at $157,000 after acquiring an additional 3,013 shares in the last quarter. 14.86% of the stock is owned by 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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