Oxford Square Capital (NASDAQ:OXSQ) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of Oxford Square Capital (NASDAQ:OXSQ) from a hold rating to a sell rating in a research report released on Monday.

Oxford Square Capital Stock Performance

Oxford Square Capital stock opened at $2.80 on Monday. The business’s 50-day simple moving average is $2.88 and its 200-day simple moving average is $2.98. The firm has a market capitalization of $190.10 million, a PE ratio of -28.00 and a beta of 1.10. Oxford Square Capital has a 52 week low of $2.74 and a 52 week high of $3.29.

Oxford Square Capital (NASDAQ:OXSQ) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $11.45 million for the quarter. Oxford Square Capital had a positive return on equity of 18.58% and a negative net margin of 10.48%. During the same quarter in the previous year, the firm posted $0.13 earnings per share.

Oxford Square Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.035 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 15.00%. Oxford Square Capital’s payout ratio is presently -420.00%.

Hedge Funds Weigh In On Oxford Square Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC increased its stake in Oxford Square Capital by 2.7% during the third quarter. Moloney Securities Asset Management LLC now owns 149,481 shares of the company’s stock valued at $423,000 after acquiring an additional 3,900 shares during the period. International Assets Investment Management LLC increased its stake in Oxford Square Capital by 166.5% during the third quarter. International Assets Investment Management LLC now owns 137,312 shares of the company’s stock valued at $389,000 after acquiring an additional 85,792 shares during the period. Quadrature Capital Ltd increased its stake in Oxford Square Capital by 57.7% during the first quarter. Quadrature Capital Ltd now owns 133,168 shares of the company’s stock valued at $422,000 after acquiring an additional 48,717 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Oxford Square Capital by 22.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 57,288 shares of the company’s stock valued at $182,000 after acquiring an additional 10,368 shares during the period. Finally, Creative Planning increased its stake in Oxford Square Capital by 17.6% during the third quarter. Creative Planning now owns 40,840 shares of the company’s stock valued at $116,000 after acquiring an additional 6,103 shares during the period. 6.44% of the stock is currently owned by institutional investors.

About Oxford Square Capital

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.