Oxford Square Capital (NASDAQ:OXSQ) Upgraded to B- by TheStreet

TheStreet upgraded shares of Oxford Square Capital (NASDAQ:OXSQ) from a c+ rating to a b- rating in a report released on Monday morning, TheStreetRatingsTable reports.

OXSQ has been the topic of several other research reports. Zacks Investment Research lowered shares of Oxford Square Capital from a buy rating to a hold rating in a research report on Tuesday, July 9th. National Securities reaffirmed a sell rating and issued a $5.00 price objective on shares of Oxford Square Capital in a research report on Monday, May 6th.

Shares of OXSQ stock opened at $6.58 on Monday. The company has a market capitalization of $313.54 million, a price-to-earnings ratio of 9.82 and a beta of 0.47. Oxford Square Capital has a 52 week low of $5.89 and a 52 week high of $7.52. The stock has a 50-day moving average of $6.53.

Oxford Square Capital (NASDAQ:OXSQ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. The business had revenue of $20.91 million for the quarter. Oxford Square Capital had a negative net margin of 13.93% and a positive return on equity of 10.06%. As a group, analysts forecast that Oxford Square Capital will post 0.72 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 24th were given a $0.067 dividend. This represents a $0.80 annualized dividend and a yield of 12.22%. The ex-dividend date was Tuesday, July 23rd. Oxford Square Capital’s dividend payout ratio is 119.40%.

A number of hedge funds have recently made changes to their positions in the business. Great West Life Assurance Co. Can increased its stake in shares of Oxford Square Capital by 13.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 13,972 shares of the company’s stock worth $87,000 after purchasing an additional 1,644 shares in the last quarter. Moloney Securities Asset Management LLC increased its stake in shares of Oxford Square Capital by 2.8% in the second quarter. Moloney Securities Asset Management LLC now owns 62,385 shares of the company’s stock worth $399,000 after purchasing an additional 1,677 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of 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 purchasing an additional 2,000 shares in the last quarter. DNB Asset Management AS increased its stake in shares of Oxford Square Capital by 2.0% in the second quarter. DNB Asset Management AS now owns 136,730 shares of the company’s stock worth $878,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Oxford Square Capital by 8.4% in the second quarter. Creative Planning now owns 38,900 shares of the company’s stock worth $249,000 after purchasing an additional 3,000 shares in the last quarter. 14.54% of the stock is currently owned by institutional investors and hedge funds.

Oxford Square Capital Company Profile

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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