Jonathan Cohen Acquires 144,704 Shares of Oxford Square Capital (NASDAQ:OXSQ) Stock

Oxford Square Capital Corp. (NASDAQ:OXSQ) CEO Jonathan Cohen acquired 144,704 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $1.15 per share, with a total value of $166,409.60. Following the transaction, the chief executive officer owned 2,417,193 shares in the company, valued at approximately $2,779,771.95. The trade was a 6.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Oxford Square Capital Stock Down 2.3%

Shares of NASDAQ OXSQ opened at $1.27 on Thursday. The firm’s 50-day moving average price is $1.78 and its two-hundred day moving average price is $1.82. Oxford Square Capital Corp. has a 52-week low of $1.05 and a 52-week high of $2.42. The stock has a market capitalization of $118.78 million, a P/E ratio of -2.95 and a beta of 0.48.

Oxford Square Capital (NASDAQ:OXSQ) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $9.84 million. Oxford Square Capital had a negative net margin of 92.37% and a positive return on equity of 14.11%.

Oxford Square Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a $0.035 dividend. This represents a c) dividend on an annualized basis and a yield of 33.1%. The ex-dividend date is Wednesday, September 16th. Oxford Square Capital’s dividend payout ratio (DPR) is presently -97.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of Oxford Square Capital during the first quarter valued at $28,000. StoneX Group Inc. acquired a new stake in Oxford Square Capital in the fourth quarter worth about $29,000. Arkadios Wealth Advisors bought a new position in Oxford Square Capital in the 3rd quarter valued at about $32,000. Alpine Global Management LLC acquired a new position in Oxford Square Capital during the 3rd quarter valued at about $42,000. Finally, McIlrath & Eck LLC acquired a new position in Oxford Square Capital during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 6.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on OXSQ shares. Wall Street Zen upgraded shares of Oxford Square Capital from a “strong sell” rating to a “sell” rating in a research report on Sunday. Weiss Ratings cut shares of Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Oxford Square Capital Company Profile

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.