Oxford Square Capital (NASDAQ:OXSQ) Shares Up 1.8% – Still a Buy?

Oxford Square Capital Corp. (NASDAQ:OXSQ) shares were up 1.8% 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 daily volume of 1,356,247 shares. The stock had previously closed at $1.42.

Analyst Upgrades and Downgrades

A number of analysts have commented on OXSQ shares. Wall Street Zen upgraded shares of Oxford Square Capital from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 17th. Weiss Ratings downgraded Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Oxford Square Capital Stock Up 1.8%

The company has a market cap of $135.15 million, a P/E ratio of -3.36 and a beta of 0.38. The firm’s 50-day moving average price is $1.46 and its 200-day moving average price is $1.69.

Oxford Square Capital (NASDAQ:OXSQ) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of ($23.52) million during the quarter, compared to analysts’ expectations 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. Shareholders of record on Wednesday, September 16th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 29.1%. Oxford Square Capital’s dividend payout ratio (DPR) is presently -97.67%.

Insider Buying and Selling

In related news, COO Saul B. Rosenthal bought 144,703 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was acquired at an average cost of $1.15 per share, for a total transaction of $166,408.45. Following the completion of the transaction, the chief operating officer directly owned 2,201,479 shares in the company, valued at $2,531,700.85. This trade represents a 7.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jonathan H. Cohen acquired 144,704 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of $1.15 per share, with a total value of $166,409.60. Following the completion of the acquisition, the chief executive officer directly owned 2,417,193 shares in the company, valued at $2,779,771.95. The trade was a 6.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Oxford Square Capital

Hedge funds have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd bought a new stake in Oxford Square Capital in the first quarter worth $28,000. Legal & General Group Plc lifted its position in shares of Oxford Square Capital by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 468,312 shares of the company’s stock worth $1,042,000 after purchasing an additional 20,205 shares during the period. Marshall Wace LLP purchased a new stake in Oxford Square Capital in the second quarter worth about $332,000. Jane Street Group LLC lifted its stake in shares of Oxford Square Capital by 68.0% in the 2nd quarter. Jane Street Group LLC now owns 130,609 shares of the company’s stock valued at $291,000 after purchasing an additional 52,857 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in shares of Oxford Square Capital by 167.2% during the 3rd quarter. Squarepoint Ops LLC now owns 512,153 shares of the company’s stock valued at $814,000 after buying an additional 320,467 shares in the last quarter. 6.44% of the stock is currently owned by institutional investors.

About Oxford Square Capital

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.