Oxford Square Capital (NASDAQ:OXSQ) Downgraded to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Oxford Square Capital (NASDAQ:OXSQ) from a hold rating to a strong sell rating in a research report released on Saturday.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Oxford Square Capital in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Oxford Square Capital Trading Down 2.2%

Shares of NASDAQ OXSQ opened at $1.82 on Friday. Oxford Square Capital has a twelve month low of $1.56 and a twelve month high of $2.50. The stock has a 50 day moving average of $1.81 and a two-hundred day moving average of $1.83. The stock has a market cap of $170.22 million, a P/E ratio of -4.23 and a beta of 0.48.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Oxford Square Capital had a negative net margin of 92.37% and a positive return on equity of 14.11%. The firm had revenue of ($23.52) million during the quarter, compared to analysts’ expectations of $9.84 million.

Oxford Square Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.035 per share. This represents a c) annualized dividend and a dividend yield of 23.1%. The ex-dividend date is Wednesday, September 16th. Oxford Square Capital’s dividend payout ratio is -97.67%.

Institutional Investors Weigh In On Oxford Square Capital

Several large investors have recently modified their holdings of OXSQ. Legal & General Group Plc grew its holdings 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 acquiring an additional 20,205 shares during the period. Squarepoint Ops LLC grew its holdings 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 acquiring an additional 320,467 shares during the period. Marshall Wace LLP acquired a new position in Oxford Square Capital during the second quarter worth $332,000. CANADA LIFE ASSURANCE Co grew its holdings in Oxford Square Capital by 72.3% during the third quarter. CANADA LIFE ASSURANCE Co now owns 97,936 shares of the company’s stock worth $155,000 after acquiring an additional 41,105 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in Oxford Square Capital during the third quarter worth $63,000. Hedge funds and other institutional investors own 6.44% of the company’s stock.

About Oxford Square Capital

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.