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 released on Wednesday.

Oxford Square Capital Trading Down 1.2 %

Shares of OXSQ opened at $2.97 on Wednesday. The stock has a market capitalization of $186.25 million, a P/E ratio of 17.47 and a beta of 1.11. The firm’s fifty day simple moving average is $2.99 and its two-hundred day simple moving average is $3.08. Oxford Square Capital has a 12 month low of $2.82 and a 12 month high of $3.29.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. Oxford Square Capital had a net margin of 6.05% and a return on equity of 18.70%. The business had revenue of $11.45 million for the quarter. During the same period last year, the company posted $0.13 EPS.

Oxford Square Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 14.14%. Oxford Square Capital’s dividend payout ratio is presently 247.07%.

Institutional Investors Weigh In On Oxford Square Capital

A number of institutional investors and hedge funds have recently made changes to their positions in OXSQ. LifeSteps Financial Inc. purchased a new stake in Oxford Square Capital in the 2nd quarter valued at about $29,000. First Bancorp Inc ME purchased a new stake in Oxford Square Capital in the 2nd quarter valued at about $53,000. Cape Investment Advisory Inc. purchased a new stake in Oxford Square Capital in the 4th quarter valued at about $69,000. CANADA LIFE ASSURANCE Co grew its position in shares of Oxford Square Capital by 22.1% during the 1st 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, Quadrature Capital Ltd grew its position in shares of Oxford Square Capital by 48.5% during the 4th quarter. Quadrature Capital Ltd now owns 84,451 shares of the company’s stock valued at $242,000 after acquiring an additional 27,589 shares during the period. 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.