Oxford Square Capital (NASDAQ:OXSQ) Cut to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Oxford Square Capital (NASDAQ:OXSQ) 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. TheStreet raised Wayside Technology Group from a c rating to a b- rating in a research note on Friday, April 12th. National Securities reissued a buy rating and issued a $5.00 price objective on shares of Aquabounty Technologies in a research note on Monday, May 6th.

Shares of NASDAQ:OXSQ opened at $6.69 on Tuesday. The firm has a market cap of $311.64 million, a P/E ratio of 9.99 and a beta of 0.47. The company has a 50-day simple moving average of $6.39. Oxford Square Capital has a 1 year low of $5.89 and a 1 year high of $7.52.

Oxford Square Capital (NASDAQ:OXSQ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. As a group, equities analysts predict that Oxford Square Capital will post 0.72 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 24th will be paid a $0.067 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.02%. The ex-dividend date is Tuesday, July 23rd. Oxford Square Capital’s dividend payout ratio is 119.40%.

Institutional investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can increased its position in Oxford Square Capital by 13.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 13,972 shares of the company’s stock valued at $87,000 after buying an additional 1,644 shares in the last quarter. Putnam FL Investment Management Co. bought a new stake in Oxford Square Capital in the 4th quarter valued at about $94,000. First Foundation Advisors increased its position in Oxford Square Capital by 19.8% in the 4th quarter. First Foundation Advisors now owns 15,126 shares of the company’s stock valued at $98,000 after buying an additional 2,500 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in Oxford Square Capital by 10.8% in the 1st quarter. Stratos Wealth Partners LTD. now owns 20,600 shares of the company’s stock valued at $134,000 after buying an additional 2,000 shares in the last quarter. Finally, Stephens Inc. AR increased its position in Oxford Square Capital by 14.2% in the 4th quarter. Stephens Inc. AR now owns 24,198 shares of the company’s stock valued at $157,000 after buying an additional 3,013 shares in the last quarter. 14.50% of the stock is owned by institutional investors and hedge funds.

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.

See Also: Growth and Income Funds

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