Oxford Square Capital Corp. (NASDAQ:OXSQ) Short Interest Update

Oxford Square Capital Corp. (NASDAQ:OXSQ) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 5,580,413 shares, a growth of 33.1% from the February 12th total of 4,191,814 shares. Currently, 7.5% of the shares of the company are sold short. Based on an average trading volume of 1,306,637 shares, the days-to-cover ratio is currently 4.3 days. Based on an average trading volume of 1,306,637 shares, the days-to-cover ratio is currently 4.3 days. Currently, 7.5% of the shares of the company are sold short.

Institutional Trading of Oxford Square Capital

Several hedge funds have recently made changes to their positions in OXSQ. StoneX Group Inc. bought a new position in shares of Oxford Square Capital during the 4th quarter worth $29,000. McIlrath & Eck LLC purchased a new stake in Oxford Square Capital in the 4th quarter worth about $43,000. Alpine Global Management LLC bought a new stake in Oxford Square Capital in the 3rd quarter valued at about $42,000. CANADA LIFE ASSURANCE Co raised its stake in Oxford Square Capital by 72.3% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 97,936 shares of the company’s stock valued at $155,000 after acquiring an additional 41,105 shares during the period. Finally, Susquehanna International Group LLP purchased a new stake in Oxford Square Capital during the third quarter valued at about $63,000. 6.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Oxford Square Capital in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Oxford Square Capital Stock Up 0.6%

OXSQ opened at $1.75 on Tuesday. The stock has a market cap of $153.14 million, a price-to-earnings ratio of -6.73 and a beta of 0.53. Oxford Square Capital has a twelve month low of $1.56 and a twelve month high of $2.66. The company’s 50-day moving average price is $1.83 and its two-hundred day moving average price is $1.85.

Oxford Square Capital (NASDAQ:OXSQ) last released its earnings results on Tuesday, March 3rd. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of ($10.71) million during the quarter, compared to the consensus estimate of $10.15 million. Oxford Square Capital had a negative net margin of 46.44% and a positive return on equity of 14.80%.

Oxford Square Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.035 dividend. This represents a c) dividend on an annualized basis and a yield of 24.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Oxford Square Capital’s dividend payout ratio (DPR) is currently -161.54%.

About Oxford Square Capital

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.