Oxford Square Capital (NASDAQ:OXSQ) Downgraded by LADENBURG THALM/SH SH

LADENBURG THALM/SH SH downgraded shares of Oxford Square Capital (NASDAQ:OXSQ) from a buy rating to a neutral rating in a report published on Friday morning, BenzingaRatingsTable reports.

A number of other research analysts have also weighed in on OXSQ. National Securities reiterated a sell rating and issued a $5.00 price objective on shares of Oxford Square Capital in a research note on Monday, May 6th. Zacks Investment Research downgraded shares of Oxford Square Capital from a buy rating to a hold rating in a report on Tuesday, July 9th. Finally, TheStreet raised shares of Oxford Square Capital from a c+ rating to a b- rating in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company has an average rating of Hold and a consensus target price of $5.67.

Oxford Square Capital stock traded down $0.19 during trading hours on Friday, reaching $6.31. 10,968 shares of the company’s stock were exchanged, compared to its average volume of 130,091. The stock’s 50 day moving average price is $6.53. Oxford Square Capital has a twelve month low of $5.89 and a twelve month high of $7.52. The firm has a market cap of $309.73 million, a price-to-earnings ratio of 9.42 and a beta of 0.46.

Oxford Square Capital (NASDAQ:OXSQ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ 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 34.20% and a positive return on equity of 11.75%. On average, sell-side analysts expect that Oxford Square Capital will post 0.72 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 24th were paid a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a yield of 12.74%. The ex-dividend date was Tuesday, July 23rd. Oxford Square Capital’s payout ratio is currently 119.40%.

A number of large investors have recently bought and sold shares of the stock. Legal & General Group Plc boosted its stake in Oxford Square Capital by 6.9% during the fourth quarter. Legal & General Group Plc now owns 213,551 shares of the company’s stock worth $1,384,000 after acquiring an additional 13,797 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Oxford Square Capital by 2.2% during the second quarter. Commonwealth Equity Services LLC now owns 168,100 shares of the company’s stock worth $1,075,000 after acquiring an additional 3,691 shares in the last quarter. DNB Asset Management AS boosted its stake in Oxford Square Capital by 2.0% during the second quarter. DNB Asset Management AS now owns 136,730 shares of the company’s stock worth $878,000 after acquiring an additional 2,700 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new stake in Oxford Square Capital during the first quarter worth about $846,000. Finally, Bank of Montreal Can boosted its stake in Oxford Square Capital by 43.2% during the first quarter. Bank of Montreal Can now owns 116,000 shares of the company’s stock worth $754,000 after acquiring an additional 35,000 shares in the last quarter. 14.55% of the stock is currently owned by institutional investors and hedge funds.

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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