Oxford Square Capital Corp. (OXSQ) To Go Ex-Dividend on September 16th

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Monday, April 27th. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.035 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 31.3%. The ex-dividend date is Wednesday, September 16th.

Oxford Square Capital has decreased its dividend payment by an average of 0.1%annually over the last three years. Oxford Square Capital has a payout ratio of 175.0% meaning 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

NASDAQ OXSQ opened at $1.34 on Monday. The stock has a market cap of $144.33 million, a PE ratio of -2.98 and a beta of 0.36. Oxford Square Capital has a fifty-two week low of $1.05 and a fifty-two week high of $2.20. The firm’s fifty day moving average price is $1.43 and its two-hundred day moving average price is $1.56.

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

Hedge Funds Weigh In On Oxford Square Capital

Several institutional investors have recently made changes to their positions in OXSQ. Dynamic Technology Lab Private Ltd bought a new stake in Oxford Square Capital in the 1st quarter valued at about $28,000. StoneX Group Inc. acquired a new stake in Oxford Square Capital in the 4th quarter valued at $29,000. Two Sigma Securities LLC bought a new stake in Oxford Square Capital during the 2nd quarter valued at $41,000. Susquehanna International Group LLP acquired a new position in Oxford Square Capital during the third quarter worth $63,000. Finally, McIlrath & Eck LLC lifted its stake in shares of Oxford Square Capital by 166.8% in the first quarter. McIlrath & Eck LLC now owns 65,375 shares of the company’s stock valued at $116,000 after buying an additional 40,875 shares in the last quarter. Institutional investors and hedge funds 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.