Oxford Square Capital (NASDAQ:OXSQ) Trading Up 2.7% – Here’s What Happened

Shares of Oxford Square Capital Corp. (NASDAQ:OXSQ) traded up 2.7% on Friday . The company traded as high as $1.92 and last traded at $1.90. 868,003 shares traded hands during trading, a decline of 26% from the average session volume of 1,170,015 shares. The stock had previously closed at $1.85.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Oxford Square Capital in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Oxford Square Capital Price Performance

The firm has a 50 day moving average of $1.82 and a two-hundred day moving average of $1.95. The stock has a market cap of $155.17 million, a PE ratio of -47.50 and a beta of 0.54.

Oxford Square Capital (NASDAQ:OXSQ) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $10.24 million for the quarter, compared to analyst estimates of $9.60 million. Oxford Square Capital had a negative net margin of 6.39% and a positive return on equity of 14.80%.

Institutional Investors Weigh In On Oxford Square Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Moloney Securities Asset Management LLC boosted its stake in Oxford Square Capital by 4.9% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 163,418 shares of the company’s stock worth $260,000 after purchasing an additional 7,674 shares during the period. Silverberg Bernstein Capital Management LLC raised its holdings in shares of Oxford Square Capital by 12.5% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 80,451 shares of the company’s stock valued at $128,000 after buying an additional 8,935 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Oxford Square Capital in the first quarter valued at about $28,000. Arkadios Wealth Advisors acquired a new stake in shares of Oxford Square Capital during the third quarter worth about $32,000. Finally, Legal & General Group Plc grew its holdings in shares of Oxford Square Capital by 4.5% during the second quarter. Legal & General Group Plc now owns 468,312 shares of the company’s stock worth $1,042,000 after buying an additional 20,205 shares during the last quarter. 6.44% of the stock is currently owned by institutional investors and hedge funds.

Oxford Square Capital Company Profile

Oxford Square Capital Corp. (NASDAQ:OXSQ) is a publicly traded business development company that provides flexible financing solutions to U.S. middle-market companies. Chartered as a closed-end management investment company, Oxford Square Capital seeks to generate current income and capital appreciation by investing primarily in secured loans, mezzanine debt and equity co-investments. The firm targets businesses with established cash flows, offering tailored capital structures designed to support growth, recapitalizations and acquisitions.

The company’s investment strategy focuses on senior secured first-lien and second-lien loans, subordinated debt and preferred and common equity stakes.