Oxford Square Capital (NASDAQ:OXSQ) Posts Quarterly Earnings Results, Meets Estimates

Oxford Square Capital (NASDAQ:OXSQGet Rating) issued its earnings results on Thursday. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09, MarketWatch Earnings reports. Oxford Square Capital had a return on equity of 6.57% and a net margin of 106.48%. During the same period last year, the company posted $0.10 EPS.

NASDAQ:OXSQ traded up $0.04 during mid-day trading on Friday, hitting $3.93. The company had a trading volume of 333,280 shares, compared to its average volume of 164,195. The business has a fifty day simple moving average of $4.05 and a 200-day simple moving average of $4.13. Oxford Square Capital has a 1 year low of $3.68 and a 1 year high of $5.22. The firm has a market capitalization of $195.36 million, a price-to-earnings ratio of 19.65 and a beta of 1.17.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be given a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 10.69%. The ex-dividend date of this dividend is Wednesday, June 15th. Oxford Square Capital’s dividend payout ratio (DPR) is presently 210.00%.

Several research analysts have commented on the company. Zacks Investment Research raised Oxford Square Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. StockNews.com assumed coverage on Oxford Square Capital in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

In other Oxford Square Capital news, COO Saul B. Rosenthal bought 6,600 shares of the company’s stock in a transaction dated Friday, March 11th. The shares were acquired at an average cost of $3.96 per share, with a total value of $26,136.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jonathan H. Cohen bought 9,125 shares of the company’s stock in a transaction dated Thursday, March 10th. The shares were acquired at an average cost of $3.93 per share, for a total transaction of $35,861.25. The disclosure for this purchase can be found here. Insiders acquired 65,339 shares of company stock worth $261,965 over the last three months. 8.60% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in OXSQ. Morgan Stanley increased its position in shares of Oxford Square Capital by 72.2% during the first quarter. Morgan Stanley now owns 52,340 shares of the company’s stock worth $243,000 after acquiring an additional 21,951 shares during the last quarter. Millennium Management LLC acquired a new position in Oxford Square Capital in the third quarter worth about $216,000. LPL Financial LLC grew its stake in Oxford Square Capital by 151.5% in the fourth quarter. LPL Financial LLC now owns 37,648 shares of the company’s stock worth $154,000 after purchasing an additional 22,681 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new position in Oxford Square Capital in the fourth quarter worth about $97,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Oxford Square Capital in the fourth quarter worth about $69,000. 5.84% of the stock is currently owned by institutional investors and hedge funds.

Oxford Square Capital Company Profile (Get Rating)

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.

See Also

Earnings History for Oxford Square Capital (NASDAQ:OXSQ)

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