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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Friday, July 31st. Investors of record on Friday, October 16th will be given a dividend of 0.035 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 27.1%. The ex-dividend date is Friday, October 16th.

Oxford Square Capital has decreased its dividend by an average of 0.1%per year over the last three years. Oxford Square Capital has a dividend 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.

Oxford Square Capital Stock Up 7.6%

NASDAQ OXSQ traded up $0.11 during trading hours on Friday, reaching $1.55. 3,458,532 shares of the company were exchanged, compared to its average volume of 1,698,857. The stock has a market capitalization of $144.97 million, a P/E ratio of -3.60 and a beta of 0.38. Oxford Square Capital has a 1 year low of $1.05 and a 1 year high of $2.42. The business’s 50 day simple moving average is $1.38 and its 200-day simple moving average is $1.66.

Oxford Square Capital (NASDAQ:OXSQ) last released its earnings results on Friday, July 31st. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Oxford Square Capital had a negative net margin of 92.37% and a positive return on equity of 14.11%.

Insider Activity at Oxford Square Capital

In related news, CEO Jonathan H. Cohen purchased 144,704 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $1.15 per share, with a total value of $166,409.60. Following the acquisition, the chief executive officer directly owned 2,417,193 shares of the company’s stock, valued at approximately $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 available through the SEC website. Also, COO Saul B. Rosenthal acquired 144,703 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of $1.15 per share, with a total value of $166,408.45. Following the completion of the acquisition, the chief operating officer directly owned 2,201,479 shares in the company, valued at $2,531,700.85. The trade was a 7.04% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Squarepoint Ops LLC boosted its stake in shares of Oxford Square Capital by 167.2% in the 3rd quarter. Squarepoint Ops LLC now owns 512,153 shares of the company’s stock valued at $814,000 after purchasing an additional 320,467 shares in the last quarter. Millennium Management LLC lifted its stake in Oxford Square Capital by 65.4% in the third quarter. Millennium Management LLC now owns 763,282 shares of the company’s stock worth $1,214,000 after purchasing an additional 301,741 shares during the last quarter. Marshall Wace LLP bought a new stake in Oxford Square Capital in the second quarter worth $332,000. Virtu Financial LLC purchased a new stake in Oxford Square Capital during the third quarter valued at about $119,000. Finally, Jane Street Group LLC grew its stake in shares of Oxford Square Capital by 68.0% during the second quarter. Jane Street Group LLC now owns 130,609 shares of the company’s stock valued at $291,000 after buying an additional 52,857 shares during the last quarter. 6.44% of the stock is owned by hedge funds and other institutional investors.

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.