Oxford Square Capital (NASDAQ:OXSQ) Rating Increased to Hold 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 sent to investors on Saturday morning.

Oxford Square Capital Price Performance

Shares of NASDAQ OXSQ opened at $2.55 on Friday. The company’s 50-day simple moving average is $2.61 and its 200-day simple moving average is $2.67. Oxford Square Capital has a 52-week low of $2.28 and a 52-week high of $3.29. The firm has a market cap of $177.96 million, a price-to-earnings ratio of -25.50 and a beta of 0.71.

Oxford Square Capital (NASDAQ:OXSQ) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $10.16 million for the quarter, compared to the consensus estimate of $9.90 million. Oxford Square Capital had a negative net margin of 10.48% and a positive return on equity of 18.58%. During the same period last year, the firm posted $0.11 earnings per share.

Oxford Square Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 16.47%. The ex-dividend date is Tuesday, September 16th. Oxford Square Capital’s dividend payout ratio is currently 4,200.00%.

Hedge Funds Weigh In On Oxford Square Capital

Several hedge funds and other institutional investors have recently modified their holdings of OXSQ. Kingsview Wealth Management LLC increased its holdings in shares of Oxford Square Capital by 23.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 68,425 shares of the company’s stock worth $167,000 after buying an additional 13,000 shares during the last quarter. United Bank acquired a new stake in Oxford Square Capital during the fourth quarter worth $43,000. Strategic Financial Concepts LLC acquired a new stake in Oxford Square Capital during the fourth quarter worth $30,000. Moloney Securities Asset Management LLC increased its stake in Oxford Square Capital by 3.6% during the fourth quarter. Moloney Securities Asset Management LLC now owns 154,800 shares of the company’s stock worth $378,000 after acquiring an additional 5,319 shares during the last quarter. Finally, Virtus ETF Advisers LLC increased its stake in Oxford Square Capital by 26.2% during the fourth quarter. Virtus ETF Advisers LLC now owns 190,194 shares of the company’s stock worth $464,000 after acquiring an additional 39,466 shares during the last quarter. 6.44% of the stock is owned by hedge funds and other 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.