Oxford Square Capital (NASDAQ:OXSQ) Stock Rating Lowered by Zacks Investment Research

Oxford Square Capital (NASDAQ:OXSQ) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday, 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. “

OXSQ has been the topic of a number of other reports. National Securities reissued a “buy” rating and set a $5.00 target price on shares of Aquabounty Technologies in a research report on Monday, May 6th. TheStreet raised Wayside Technology Group from a “c” rating to a “b-” rating in a report on Friday, April 12th.

NASDAQ OXSQ traded up $0.15 during trading on Tuesday, hitting $6.69. 149,729 shares of the company traded hands, compared to its average volume of 161,896. Oxford Square Capital has a 12 month low of $5.89 and a 12 month high of $7.52. The business’s fifty day simple moving average is $6.39. The company has a market cap of $312.88 million, a P/E ratio of 9.99 and a beta of 0.47.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company had revenue of $14.23 million for the quarter. Oxford Square Capital had a positive return on equity of 10.06% and a negative net margin of 13.93%. Research analysts predict that Oxford Square Capital will post 0.72 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can boosted its holdings in Oxford Square Capital by 13.3% during the fourth quarter. Great West Life Assurance Co. Can now owns 13,972 shares of the company’s stock valued at $87,000 after purchasing an additional 1,644 shares in the last quarter. Putnam FL Investment Management Co. bought a new position in shares of Oxford Square Capital in the fourth quarter valued at approximately $94,000. First Foundation Advisors raised its stake in shares of Oxford Square Capital by 19.8% in the fourth quarter. First Foundation Advisors now owns 15,126 shares of the company’s stock valued at $98,000 after acquiring an additional 2,500 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Oxford Square Capital by 10.8% in the first quarter. Stratos Wealth Partners LTD. now owns 20,600 shares of the company’s stock valued at $134,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Oxford Square Capital by 14.2% in the fourth quarter. Stephens Inc. AR now owns 24,198 shares of the company’s stock valued at $157,000 after acquiring an additional 3,013 shares during the last quarter. 14.50% of the stock is currently owned by institutional investors.

About Oxford Square Capital

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.

Further Reading: Discount Rate

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