National Wealth Management Group LLC bought a new stake in Oxford Square Capital Corp. (NASDAQ:OXSQ – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 10,000 shares of the company’s stock, valued at approximately $28,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. LifeSteps Financial Inc. purchased a new position in Oxford Square Capital in the second quarter valued at $29,000. First Bancorp Inc ME purchased a new position in shares of Oxford Square Capital in the 2nd quarter valued at about $53,000. Creative Planning grew its position in shares of Oxford Square Capital by 17.6% during the third quarter. Creative Planning now owns 40,840 shares of the company’s stock worth $116,000 after buying an additional 6,103 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Oxford Square Capital by 22.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 57,288 shares of the company’s stock worth $182,000 after buying an additional 10,368 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in Oxford Square Capital by 166.5% in 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 in the last quarter. 6.44% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Oxford Square Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th.
Oxford Square Capital Trading Up 1.9 %
Shares of OXSQ stock opened at $2.68 on Thursday. The company has a market cap of $181.95 million, a P/E ratio of -26.80 and a beta of 1.10. The firm has a fifty day moving average price of $2.84 and a 200 day moving average price of $2.94. Oxford Square Capital Corp. has a 12 month low of $2.62 and a 12 month high of $3.29.
Oxford Square Capital Announces Dividend
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 issued a $0.035 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 15.67%. Oxford Square Capital’s payout ratio is currently -419.96%.
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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