Oxford Square Capital Corp (NASDAQ:OXSQ) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 547,500 shares, a decrease of 17.4% from the May 15th total of 663,000 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily volume of 145,700 shares, the short-interest ratio is presently 3.8 days.
A number of large investors have recently bought and sold shares of OXSQ. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Oxford Square Capital during the first quarter valued at approximately $846,000. Geode Capital Management LLC purchased a new stake in Oxford Square Capital during the fourth quarter valued at approximately $306,000. Bank of Montreal Can lifted its position in Oxford Square Capital by 43.2% during the first quarter. Bank of Montreal Can now owns 116,000 shares of the company’s stock valued at $754,000 after acquiring an additional 35,000 shares during the last quarter. Marshall Wace LLP purchased a new stake in Oxford Square Capital during the first quarter valued at approximately $222,000. Finally, Koshinski Asset Management Inc. purchased a new stake in Oxford Square Capital during the fourth quarter valued at approximately $139,000. 14.50% of the stock is owned by institutional investors.
OXSQ has been the subject of several research reports. TheStreet raised shares of Wayside Technology Group from a “c” rating to a “b-” rating in a research report on Friday, April 12th. National Securities reaffirmed a “buy” rating and issued a $5.00 price target on shares of Aquabounty Technologies in a research report on Monday, May 6th. Finally, Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th.
Oxford Square Capital (NASDAQ:OXSQ) last posted its earnings results on Tuesday, April 30th. The company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. Oxford Square Capital had a negative net margin of 13.93% and a positive return on equity of 10.06%. The company had revenue of $14.23 million during the quarter. On average, analysts anticipate that Oxford Square Capital will post 0.72 earnings per share for the current year.
The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 24th will be given a dividend of $0.067 per share. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 12.11%. Oxford Square Capital’s payout ratio is 119.40%.
Oxford Square Capital Company Profile
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.
Further Reading: Risk Tolerance
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