Key Points
- Oxford Square Capital COO Saul Rosenthal bought 144,703 shares at an average price of $1.15, spending about $166,408. After the purchase, his direct ownership rose to 2.2 million shares, a 7.04% increase.
- The stock was trading up 8.7% and opened at $1.38, with a market cap of $129.07 million. It has traded between $1.05 and $2.42 over the past year.
- Oxford Square Capital recently reported mixed quarterly results, missing EPS and revenue estimates, while also announcing a monthly dividend of $0.035 per share. Analysts currently have an overall Sell rating on the stock.
Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report) COO Saul Rosenthal purchased 144,703 shares of the company's stock in a transaction on Wednesday, May 20th. The stock was bought at an average price of $1.15 per share, for a total transaction of $166,408.45. Following the completion of the purchase, the chief operating officer directly owned 2,201,479 shares of the company's stock, valued at $2,531,700.85. The trade was a 7.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Oxford Square Capital Trading Up 8.7%
OXSQ stock opened at $1.38 on Friday. The stock has a market cap of $129.07 million, a P/E ratio of -3.21 and a beta of 0.48. Oxford Square Capital Corp. has a twelve month low of $1.05 and a twelve month high of $2.42. The company's 50 day moving average is $1.77 and its two-hundred day moving average is $1.81.
Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Oxford Square Capital had a negative net margin of 92.37% and a positive return on equity of 14.11%. The company had revenue of ($23.52) million during the quarter, compared to analysts' expectations of $9.84 million.
Oxford Square Capital Announces Dividend
The business 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 c) annualized dividend and a yield of 30.4%. The ex-dividend date is Wednesday, September 16th. Oxford Square Capital's dividend payout ratio is currently -97.67%.
Analysts Set New Price Targets
Several analysts have recently weighed in on OXSQ shares. Weiss Ratings downgraded Oxford Square Capital from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday. Wall Street Zen upgraded Oxford Square Capital from a "strong sell" rating to a "sell" rating in a research note on Sunday, May 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Oxford Square Capital currently has an average rating of "Sell".
Read Our Latest Analysis on Oxford Square Capital
Institutional Trading of Oxford Square Capital
Large investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new position in Oxford Square Capital during the 1st quarter worth $28,000. StoneX Group Inc. acquired a new stake in shares of Oxford Square Capital during the fourth quarter worth about $29,000. Arkadios Wealth Advisors acquired a new stake in shares of Oxford Square Capital during the third quarter worth about $32,000. Alpine Global Management LLC purchased a new position in shares of Oxford Square Capital during the third quarter worth about $42,000. Finally, McIlrath & Eck LLC purchased a new position in shares of Oxford Square Capital during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 6.44% of the company's stock.
Oxford Square Capital Company Profile
(
Get Free Report)
Oxford Square Capital Corp. (NASDAQ:OXSQ) is a publicly traded business development company that provides flexible financing solutions to U.S. middle-market companies. Chartered as a closed-end management investment company, Oxford Square Capital seeks to generate current income and capital appreciation by investing primarily in secured loans, mezzanine debt and equity co-investments. The firm targets businesses with established cash flows, offering tailored capital structures designed to support growth, recapitalizations and acquisitions.
The company's investment strategy focuses on senior secured first-lien and second-lien loans, subordinated debt and preferred and common equity stakes.
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