Oxford Square Capital (NASDAQ:OXSQ) CEO Jonathan Cohen Buys 144,704 Shares

Oxford Square Capital Corp. (NASDAQ:OXSQ) CEO Jonathan Cohen bought 144,704 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $1.15 per share, with a total value of $166,409.60. Following the acquisition, the chief executive officer owned 2,417,193 shares of the company’s stock, valued at $2,779,771.95. This represents a 6.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Oxford Square Capital Stock Up 8.7%

NASDAQ:OXSQ opened at $1.38 on Friday. The firm’s fifty day simple moving average is $1.77 and its 200 day simple moving average is $1.81. 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.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of ($23.52) million during the quarter, compared to the consensus estimate of $9.84 million. Oxford Square Capital had a positive return on equity of 14.11% and a negative net margin of 92.37%.

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 issued a $0.035 dividend. The ex-dividend date is Wednesday, September 16th. This represents a c) annualized dividend and a yield of 30.4%. Oxford Square Capital’s dividend payout ratio (DPR) is -97.67%.

Analysts Set New Price Targets

OXSQ has been the subject of several research reports. Weiss Ratings lowered Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. Wall Street Zen raised Oxford Square Capital from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Oxford Square Capital currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Oxford Square Capital

A number of institutional investors have recently made changes to their positions in OXSQ. Dynamic Technology Lab Private Ltd bought a new stake in shares of Oxford Square Capital in the first quarter worth approximately $28,000. StoneX Group Inc. purchased a new stake in Oxford Square Capital during the 4th quarter valued at $29,000. Arkadios Wealth Advisors purchased a new stake in Oxford Square Capital during the 3rd quarter valued at $32,000. Alpine Global Management LLC bought a new position in shares of Oxford Square Capital during the 3rd quarter valued at $42,000. Finally, McIlrath & Eck LLC bought a new position in shares of Oxford Square Capital during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 6.44% of the company’s stock.

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.