Zacks Investment Research Lowers Oxford Square Capital (NASDAQ:OXSQ) to Hold

Zacks Investment Research lowered shares of Oxford Square Capital (NASDAQ:OXSQ) from a buy rating to a hold rating in a research report report published on Tuesday, Zacks.com reports.

According to Zacks, “Oxford Square Capital Corp. is a business development company principally investing in syndicated bank loans and debt and equity tranches of CLO vehicles. Oxford Square Capital Corp., formerly known as TICC Capital Corp., is based in Greenwich, United States. “

Other research analysts have also issued research reports about the company. TheStreet upgraded Wayside Technology Group from a c rating to a b- rating in a report on Friday, April 12th. National Securities reiterated a buy rating and issued a $5.00 price target on shares of Aquabounty Technologies in a report on Monday, May 6th.

Shares of Oxford Square Capital stock opened at $6.64 on Tuesday. Oxford Square Capital has a one year low of $5.89 and a one year high of $7.52. The company’s 50-day simple moving average is $6.40. The company has a market cap of $316.40 million, a price-to-earnings ratio of 9.91 and a beta of 0.47.

Oxford Square Capital (NASDAQ:OXSQ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $14.23 million for the quarter. Oxford Square Capital had a positive return on equity of 10.06% and a negative net margin of 13.93%. On average, equities analysts predict that Oxford Square Capital will post 0.72 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 24th will be issued a $0.067 dividend. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.11%. Oxford Square Capital’s dividend payout ratio is presently 119.40%.

Several hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can increased its position in shares of Oxford Square Capital by 13.3% during the fourth quarter. Great West Life Assurance Co. Can now owns 13,972 shares of the company’s stock valued at $87,000 after acquiring an additional 1,644 shares during the last quarter. Putnam FL Investment Management Co. purchased a new stake in Oxford Square Capital in the fourth quarter worth $94,000. First Foundation Advisors increased its position in Oxford Square Capital by 19.8% in the fourth quarter. First Foundation Advisors now owns 15,126 shares of the company’s stock worth $98,000 after buying an additional 2,500 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in Oxford Square Capital by 10.8% in the first quarter. Stratos Wealth Partners LTD. now owns 20,600 shares of the company’s stock worth $134,000 after buying an additional 2,000 shares during the last quarter. Finally, Stephens Inc. AR increased its position in Oxford Square Capital by 14.2% in the fourth quarter. Stephens Inc. AR now owns 24,198 shares of the company’s stock worth $157,000 after buying an additional 3,013 shares during the last quarter. Institutional investors own 14.50% of the company’s stock.

About Oxford Square Capital

Oxford Square Capital Corp. is a business development company, operates as a closed-end, non-diversified management investment company. It is a private equity and mezzanine firm. The firm invests in both public and private companies. It invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, common stock and syndicated bank loans.

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