Oxford Square Capital Corp. to Issue Monthly Dividend of $0.04 (NASDAQ:OXSQ)

Oxford Square Capital Corp. (NASDAQ:OXSQGet Rating) declared a monthly dividend on Tuesday, May 3rd, Wall Street Journal reports. Shareholders of record on Friday, September 16th will be paid a dividend of 0.035 per share on Friday, September 30th. This represents a $0.42 annualized dividend and a yield of 10.29%. The ex-dividend date is Thursday, September 15th.

Oxford Square Capital has decreased its dividend payment by an average of 19.3% per year over the last three years.

Shares of NASDAQ OXSQ opened at $4.08 on Wednesday. Oxford Square Capital has a 52 week low of $3.68 and a 52 week high of $5.22. The business has a 50-day simple moving average of $4.06 and a two-hundred day simple moving average of $4.12. The company has a market cap of $202.82 million, a P/E ratio of 20.40 and a beta of 1.13.

Oxford Square Capital (NASDAQ:OXSQGet Rating) last issued its earnings results on Thursday, April 28th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Oxford Square Capital had a return on equity of 6.41% and a net margin of 25.47%. During the same period in the prior year, the company posted $0.10 earnings per share. On average, equities research analysts predict that Oxford Square Capital will post 0.34 EPS for the current fiscal year.

Several research firms have weighed in on OXSQ. Zacks Investment Research raised Oxford Square Capital from a “sell” rating to a “hold” rating in a report on Tuesday, April 12th. StockNews.com cut Oxford Square Capital from a “hold” rating to a “sell” rating in a report on Tuesday.

In other news, COO Saul B. Rosenthal acquired 6,750 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The shares were bought at an average cost of $3.96 per share, with a total value of $26,730.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, COO Saul B. Rosenthal acquired 6,600 shares of the firm’s stock in a transaction that occurred on Friday, March 11th. The shares were purchased at an average cost of $3.96 per share, for a total transaction of $26,136.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 65,339 shares of company stock worth $261,965. Insiders own 8.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP increased its stake in Oxford Square Capital by 272.1% in the 4th quarter. Marshall Wace LLP now owns 107,123 shares of the company’s stock worth $438,000 after purchasing an additional 78,332 shares during the period. Millennium Management LLC bought a new stake in shares of Oxford Square Capital in the 3rd quarter worth approximately $216,000. BlackRock Inc. grew its position in shares of Oxford Square Capital by 9.4% in the 4th quarter. BlackRock Inc. now owns 374,294 shares of the company’s stock worth $1,527,000 after buying an additional 32,173 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Oxford Square Capital in the 4th quarter worth approximately $97,000. Finally, LPL Financial LLC grew its position in shares of Oxford Square Capital by 151.5% in the 4th quarter. LPL Financial LLC now owns 37,648 shares of the company’s stock worth $154,000 after buying an additional 22,681 shares during the last quarter. 4.80% of the stock is currently owned by institutional investors.

About Oxford Square Capital (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

Dividend History for Oxford Square Capital (NASDAQ:OXSQ)

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