Oxford Square Capital (NASDAQ:OXSQ) Upgraded at StockNews.com

StockNews.com upgraded shares of Oxford Square Capital (NASDAQ:OXSQ) from a sell rating to a hold rating in a research report report published on Tuesday.

Oxford Square Capital Stock Down 0.8 %

Shares of OXSQ opened at $2.62 on Tuesday. Oxford Square Capital has a fifty-two week low of $2.62 and a fifty-two week high of $3.29. The firm’s 50 day moving average price is $2.86 and its 200 day moving average price is $2.96. The company has a market cap of $177.88 million, a P/E ratio of -26.40 and a beta of 1.10.

Oxford Square Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a yield of 16.03%. The ex-dividend date of this dividend is Monday, March 17th. Oxford Square Capital’s payout ratio is currently -420.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OXSQ. National Wealth Management Group LLC acquired a new position in Oxford Square Capital during the 3rd quarter worth approximately $28,000. LifeSteps Financial Inc. acquired a new position in shares of Oxford Square Capital in the 2nd quarter valued at $29,000. First Bancorp Inc ME acquired a new position in shares of Oxford Square Capital in the 2nd quarter valued at $53,000. Creative Planning boosted its holdings in shares of Oxford Square Capital by 17.6% in the 3rd quarter. Creative Planning now owns 40,840 shares of the company’s stock valued at $116,000 after buying an additional 6,103 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Oxford Square Capital by 22.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 57,288 shares of the company’s stock valued at $182,000 after buying an additional 10,368 shares in the last quarter. Institutional investors and hedge funds own 6.44% of the company’s stock.

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.