Oxford Square Capital (NASDAQ:OXSQ) Releases Earnings Results, Meets Expectations

Oxford Square Capital (NASDAQ:OXSQ) released its quarterly earnings data on Tuesday. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07, Zacks reports. The company had revenue of ($10.71) million during the quarter, compared to analyst estimates of $10.15 million. Oxford Square Capital had a negative net margin of 46.44% and a positive return on equity of 14.57%.

Here are the key takeaways from Oxford Square Capital’s conference call:

• NAV fell to $1.69 from $1.95 as the company recorded approximately $18.3 million (about $0.22 per share) of combined unrealized and realized investment losses in the quarter, driven largely by markdowns to CLO equity positions.
• Net investment income remained roughly stable at $5.4 million (~$0.07 per share) for the quarter, and the company paid $0.105 per share for the quarter while the board declared monthly distributions of $0.035 for April–June 2026, supporting near-term cash return to shareholders.
• Oxford Square issued approximately 4.3 million common shares through an at-the-market offering, raising net proceeds of about $7.9 million, which dilutes existing shareholders even as the company added roughly $18 million of new investments during the quarter.
• Management notes a softer U.S. loan market—loan prices modestly down, the distress ratio rose to 4.34%, and effective default metrics are elevated—while positioning the portfolio toward first‑lien B2B loans and seeking opportunities in both primary and secondary markets as a permanent capital vehicle.

Oxford Square Capital Price Performance

Shares of OXSQ opened at $1.83 on Thursday. Oxford Square Capital has a 1-year low of $1.56 and a 1-year high of $2.83. The company has a market capitalization of $149.45 million, a P/E ratio of -7.04 and a beta of 0.53. The firm’s 50 day simple moving average is $1.83 and its 200 day simple moving average is $1.88.

Oxford Square Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $0.035 dividend. This represents a c) annualized dividend and a dividend yield of 23.0%. The ex-dividend date is Tuesday, June 16th. Oxford Square Capital’s dividend payout ratio is -161.54%.

Institutional Trading of Oxford Square Capital

Several institutional investors and hedge funds have recently made changes to their positions in OXSQ. Millennium Management LLC lifted its holdings in shares of Oxford Square Capital by 65.4% during the 3rd quarter. Millennium Management LLC now owns 763,282 shares of the company’s stock worth $1,214,000 after acquiring an additional 301,741 shares during the last quarter. Squarepoint Ops LLC lifted its stake in Oxford Square Capital by 167.2% during the third quarter. Squarepoint Ops LLC now owns 512,153 shares of the company’s stock worth $814,000 after purchasing an additional 320,467 shares during the last quarter. Legal & General Group Plc lifted its stake in 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 purchasing an additional 20,205 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Oxford Square Capital in the 2nd quarter worth about $332,000. Finally, Jane Street Group LLC increased its position in shares of Oxford Square Capital by 68.0% during the 2nd quarter. Jane Street Group LLC now owns 130,609 shares of the company’s stock valued at $291,000 after purchasing an additional 52,857 shares during the last quarter. Hedge funds and other institutional investors own 6.44% of the company’s stock.

Wall Street Analyst Weigh In

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

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.