Oxford Square Capital Corp. (NASDAQ:OXSQ) Plans $0.04 Monthly Dividend

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Thursday, February 26th. Stockholders of record on Tuesday, June 16th will be given a dividend of 0.035 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 31.1%. The ex-dividend date of this dividend is Tuesday, June 16th.

Oxford Square Capital has decreased its dividend 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 Stock Performance

OXSQ stock opened at $1.35 on Friday. Oxford Square Capital has a one year low of $1.05 and a one year high of $2.42. The company’s fifty day moving average price is $1.65 and its 200-day moving average price is $1.75. The company has a market capitalization of $126.26 million, a PE ratio of -3.14 and a beta of 0.38.

Oxford Square Capital (NASDAQ:OXSQ) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.05 earnings per share (EPS) 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 business had revenue of ($23.52) million for the quarter, compared to analysts’ expectations of $9.84 million.

Insider Buying and Selling at Oxford Square Capital

In related news, COO Saul B. Rosenthal purchased 144,703 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of $1.15 per share, for a total transaction of $166,408.45. Following the completion of the acquisition, the chief operating officer owned 2,201,479 shares in the company, valued at approximately $2,531,700.85. This trade represents a 7.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jonathan H. Cohen purchased 144,704 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $1.15 per share, for a total transaction of $166,409.60. Following the completion of the acquisition, the chief executive officer owned 2,417,193 shares of the company’s stock, valued at approximately $2,779,771.95. The trade was a 6.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OXSQ. Squarepoint Ops LLC grew its holdings in Oxford Square Capital by 167.2% during 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 in the last quarter. Millennium Management LLC lifted its holdings in Oxford Square Capital by 65.4% during the third quarter. Millennium Management LLC now owns 763,282 shares of the company’s stock worth $1,214,000 after buying an additional 301,741 shares during the period. Marshall Wace LLP purchased a new stake in Oxford Square Capital during the second quarter worth $332,000. Virtu Financial LLC purchased a new stake in Oxford Square Capital during the third quarter worth $119,000. Finally, Jane Street Group LLC lifted its holdings in Oxford Square Capital by 68.0% during the second quarter. Jane Street Group LLC now owns 130,609 shares of the company’s stock worth $291,000 after buying an additional 52,857 shares during the period. 6.44% of the stock is currently owned by institutional investors.

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.