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

Oxford Square Capital Corp. (NASDAQ:OXSQ) CEO Jonathan Cohen bought 144,704 shares of the stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $1.15 per share, for a total transaction of $166,409.60. Following the completion of the purchase, the chief executive officer owned 2,417,193 shares of the company’s stock, valued at approximately $2,779,771.95. This trade represents a 6.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Oxford Square Capital Price Performance

Shares of NASDAQ OXSQ opened at $1.28 on Friday. The stock has a market capitalization of $119.72 million, a PE ratio of -2.98 and a beta of 0.48. Oxford Square Capital Corp. has a one year low of $1.05 and a one year high of $2.42. The business’s fifty day moving average price is $1.76 and its 200-day moving average price is $1.81.

Oxford Square Capital (NASDAQ:OXSQ) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of ($23.52) million during the quarter, compared to analysts’ expectations of $9.84 million. Oxford Square Capital had a positive return on equity of 14.11% and a negative net margin of 92.37%.

Oxford Square Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a dividend of $0.035 per share. This represents a c) dividend on an annualized basis and a dividend yield of 32.8%. The ex-dividend date is Wednesday, September 16th. Oxford Square Capital’s dividend payout ratio is presently -97.67%.

Wall Street Analysts Forecast Growth

OXSQ has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Oxford Square Capital from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 17th. Weiss Ratings lowered Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. McIlrath & Eck LLC grew its position in Oxford Square Capital by 166.8% during the first quarter. McIlrath & Eck LLC now owns 65,375 shares of the company’s stock worth $116,000 after buying an additional 40,875 shares in the last quarter. Silverberg Bernstein Capital Management LLC boosted its position in shares of Oxford Square Capital by 42.6% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 106,710 shares of the company’s stock valued at $189,000 after acquiring an additional 31,865 shares during the last quarter. StoneX Group Inc. purchased a new position in shares of Oxford Square Capital during the fourth quarter worth about $29,000. Alpine Global Management LLC purchased a new position in shares of Oxford Square Capital during the third quarter worth about $42,000. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of Oxford Square Capital by 72.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 97,936 shares of the company’s stock worth $155,000 after purchasing an additional 41,105 shares during the last quarter. 6.44% of the stock is owned by institutional investors.

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.