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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Tuesday, November 4th. Stockholders of record on Friday, February 13th will be paid a dividend of 0.035 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 22.3%. The ex-dividend date is Friday, February 13th.

Oxford Square Capital has decreased its dividend payment by an average of 0.1%per year over the last three years. Oxford Square Capital has a payout ratio of 175.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Oxford Square Capital to earn $0.28 per share next year, which means the company may not be able to cover its $0.42 annual dividend with an expected future payout ratio of 150.0%.

Oxford Square Capital Price Performance

Shares of OXSQ stock traded up $0.01 during trading hours on Wednesday, reaching $1.89. 217,879 shares of the company were exchanged, compared to its average volume of 627,889. The stock’s fifty day moving average is $1.91 and its two-hundred day moving average is $2.19. Oxford Square Capital has a fifty-two week low of $1.56 and a fifty-two week high of $2.96. The company has a market cap of $147.10 million, a price-to-earnings ratio of -94.25 and a beta of 0.62.

Oxford Square Capital (NASDAQ:OXSQ) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. Oxford Square Capital had a negative net margin of 3.35% and a positive return on equity of 15.19%. The business had revenue of $10.24 million for the quarter, compared to analyst estimates of $9.60 million.

Institutional Investors Weigh In On Oxford Square Capital

Several large investors have recently made changes to their positions in OXSQ. Marshall Wace LLP bought a new stake in shares of Oxford Square Capital during the second quarter worth $332,000. Transce3nd LLC acquired a new stake in Oxford Square Capital in the second quarter valued at $181,000. Jane Street Group LLC grew its holdings in Oxford Square Capital by 68.0% during the second quarter. Jane Street Group LLC now owns 130,609 shares of the company’s stock worth $291,000 after purchasing an additional 52,857 shares during the period. North Ground Capital bought a new position in Oxford Square Capital during the third quarter worth about $80,000. Finally, Ethos Financial Group LLC bought a new position in Oxford Square Capital during the first quarter worth about $123,000. Institutional investors own 6.44% of the company’s stock.

Oxford Square Capital Company Profile

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.