Oxford Square Capital (NASDAQ:OXSQ) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Oxford Square Capital (NASDAQ:OXSQ) from a sell rating to a hold rating in a research note published on Tuesday morning, 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. “

Separately, ValuEngine lowered Oxford Square Capital from a hold rating to a sell rating in a research report on Thursday, April 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the stock. Oxford Square Capital has a consensus rating of Hold and an average price target of $2.75.

Shares of Oxford Square Capital stock opened at $2.91 on Tuesday. The firm has a market cap of $138.85 million, a price-to-earnings ratio of -1.13 and a beta of 1.11. Oxford Square Capital has a twelve month low of $2.04 and a twelve month high of $6.76. The business has a 50-day moving average price of $2.91 and a 200-day moving average price of $4.07.

Oxford Square Capital (NASDAQ:OXSQ) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.04). The company had revenue of $10.83 million during the quarter. Oxford Square Capital had a positive return on equity of 15.01% and a negative net margin of 190.45%. Sell-side analysts forecast that Oxford Square Capital will post 0.47 earnings per share for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 14.43%. The ex-dividend date of this dividend is Tuesday, September 15th. Oxford Square Capital’s payout ratio is currently 98.77%.

A number of hedge funds and other institutional investors have recently made changes to their positions in OXSQ. WESPAC Advisors SoCal LLC bought a new stake in Oxford Square Capital in the first quarter worth about $31,000. Principal Financial Group Inc. bought a new stake in Oxford Square Capital in the first quarter worth about $33,000. Jane Street Group LLC bought a new stake in Oxford Square Capital in the fourth quarter worth about $63,000. Dynamic Technology Lab Private Ltd bought a new stake in Oxford Square Capital in the fourth quarter worth about $64,000. Finally, Great West Life Assurance Co. Can bought a new stake in Oxford Square Capital in the fourth quarter worth about $80,000. 13.09% of the stock is 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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