Oxford Square Capital Corp. (OXSQ) To Go Ex-Dividend on August 17th

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Monday, April 27th. Shareholders of record on Monday, August 17th will be given a dividend of 0.035 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 28.8%. The ex-dividend date of this dividend is Monday, August 17th.

Oxford Square Capital has decreased its dividend payment by an average of 0.1%per year over the last three years. Oxford Square Capital has a dividend payout ratio of 175.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Oxford Square Capital Trading Down 2.0%

OXSQ stock opened at $1.46 on Friday. The firm has a 50 day moving average of $1.42 and a 200-day moving average of $1.63. Oxford Square Capital has a 12 month low of $1.05 and a 12 month high of $2.36. The firm has a market capitalization of $157.26 million, a P/E ratio of -3.24 and a beta of 0.36.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. Oxford Square Capital had a negative net margin of 93.65% and a positive return on equity of 14.41%. The company had revenue of $9.40 million during the quarter, compared to analysts’ expectations of $8.32 million.

Insider Buying and Selling at Oxford Square Capital

In other news, CEO Jonathan H. Cohen purchased 144,704 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $1.15 per share, with a total value of $166,409.60. Following the completion of the purchase, the chief executive officer directly owned 2,417,193 shares in the company, valued at approximately $2,779,771.95. This trade represents a 6.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Saul B. Rosenthal acquired 144,703 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $1.15 per share, with a total value of $166,408.45. Following the completion of the acquisition, the chief operating officer directly owned 2,201,479 shares in the company, valued at approximately $2,531,700.85. This represents a 7.04% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 6.50% of the company’s stock.

Institutional Trading of Oxford Square Capital

A number of hedge funds have recently bought and sold shares of OXSQ. Legal & General Group Plc bought a new position in Oxford Square Capital during the second quarter valued at approximately $961,000. Squarepoint Ops LLC lifted its holdings in shares of Oxford Square Capital by 167.2% in the 3rd 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 last quarter. Millennium Management LLC lifted its holdings in shares of Oxford Square Capital by 65.4% in 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. BlackRock Inc. purchased a new stake in shares of Oxford Square Capital in the 2nd quarter valued at $383,000. Finally, Marshall Wace LLP purchased a new stake in shares of Oxford Square Capital in the 2nd quarter valued at $332,000. 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.