Wall Street Zen Upgrades Oxford Square Capital (NASDAQ:OXSQ) to “Hold”

Oxford Square Capital (NASDAQ:OXSQ) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings lowered shares of Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Oxford Square Capital Stock Performance

OXSQ stock opened at $1.49 on Friday. The business’s 50-day moving average price is $1.40 and its two-hundred day moving average price is $1.64. The firm has a market cap of $139.36 million, a PE ratio of -3.31 and a beta of 0.36. Oxford Square Capital has a 1-year low of $1.05 and a 1-year high of $2.42.

Oxford Square Capital (NASDAQ:OXSQ) last released its quarterly earnings data on Friday, July 31st. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. Oxford Square Capital had a positive return on equity of 14.23% and a negative net margin of 93.65%.The business had revenue of $9.40 million for the quarter, compared to analysts’ expectations of $8.32 million.

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 that occurred on Wednesday, May 20th. The stock was acquired at an average price of $1.15 per share, for a total transaction of $166,409.60. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Saul B. Rosenthal acquired 144,703 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of $1.15 per share, for a total transaction of $166,408.45. Following the completion of the purchase, the chief operating officer owned 2,201,479 shares in the company, valued at approximately $2,531,700.85. This represents a 7.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 6.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Oxford Square Capital

Institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Oxford Square Capital during the first quarter valued at about $28,000. Legal & General Group Plc increased its stake in Oxford Square Capital by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 468,312 shares of the company’s stock valued at $1,042,000 after buying an additional 20,205 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Oxford Square Capital during the 2nd quarter worth approximately $332,000. Jane Street Group LLC boosted its stake in shares of Oxford Square Capital by 68.0% in the 2nd quarter. Jane Street Group LLC now owns 130,609 shares of the company’s stock worth $291,000 after buying an additional 52,857 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Oxford Square Capital by 167.2% in the third quarter. Squarepoint Ops LLC now owns 512,153 shares of the company’s stock valued at $814,000 after acquiring an additional 320,467 shares in the last quarter. 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.