Oxford Square Capital (NASDAQ:OXSQ) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Oxford Square Capital (NASDAQ:OXSQ) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, Zacks.com reports. They currently have $6.00 price target on the stock.

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. “

Several other analysts also recently issued reports on the stock. LADENBURG THALM/SH SH downgraded shares of Oxford Square Capital from a buy rating to a neutral rating in a report on Friday, August 2nd. ValuEngine downgraded shares of Oxford Square Capital from a hold rating to a sell rating in a report on Friday, November 1st. Finally, TheStreet downgraded shares of Oxford Square Capital from a b- rating to a c+ rating in a report on Friday, August 23rd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $5.33.

OXSQ stock opened at $5.51 on Wednesday. The company has a market capitalization of $254.24 million, a price-to-earnings ratio of 8.22 and a beta of 0.43. Oxford Square Capital has a 12 month low of $5.02 and a 12 month high of $7.45. The firm has a 50 day moving average of $5.88 and a two-hundred day moving average of $6.26.

Oxford Square Capital (NASDAQ:OXSQ) last posted its earnings results on Wednesday, October 30th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). The business had revenue of $13.41 million during the quarter. Oxford Square Capital had a positive return on equity of 12.94% and a negative net margin of 97.29%. As a group, sell-side analysts expect that Oxford Square Capital will post 0.82 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Oxford Square Capital by 14.9% during the 2nd quarter. BlackRock Inc. now owns 249,343 shares of the company’s stock worth $1,596,000 after buying an additional 32,332 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Oxford Square Capital by 2.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 168,100 shares of the company’s stock worth $1,075,000 after buying an additional 3,691 shares during the period. DNB Asset Management AS boosted its holdings in shares of Oxford Square Capital by 6.2% during the 3rd quarter. DNB Asset Management AS now owns 145,193 shares of the company’s stock worth $907,000 after buying an additional 8,463 shares during the period. GSA Capital Partners LLP raised its stake in Oxford Square Capital by 99.5% during the 2nd quarter. GSA Capital Partners LLP now owns 39,954 shares of the company’s stock valued at $256,000 after purchasing an additional 19,925 shares during the last quarter. Finally, Callodine Capital Management LP acquired a new position in Oxford Square Capital during the 2nd quarter valued at $320,000. 15.85% of the stock is 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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