Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report) declared a dividend on Tuesday, April 22nd, NASDAQ Dividends reports. Shareholders of record on Friday, August 15th will be given a dividend of 0.035 per share on Friday, August 29th. The ex-dividend date of this dividend is Friday, August 15th.
Oxford Square Capital has a 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. Analysts expect Oxford Square Capital to earn $0.28 per share next year, which means the company may not be able to cover its $0.42 annual dividend with an expected future payout ratio of 150.0%.
Oxford Square Capital Trading Up 2.1%
Oxford Square Capital stock traded up $0.05 during mid-day trading on Wednesday, hitting $2.38. 917,277 shares of the company's stock were exchanged, compared to its average volume of 478,399. The stock has a market cap of $180.95 million, a P/E ratio of 238.00 and a beta of 0.65. Oxford Square Capital has a 1-year low of $2.14 and a 1-year high of $3.07. The stock has a 50 day moving average of $2.32 and a two-hundred day moving average of $2.52.
Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $10.16 million for the quarter, compared to the consensus estimate of $9.90 million. Oxford Square Capital had a negative net margin of 1.12% and a positive return on equity of 16.74%. During the same period in the prior year, the business posted $0.11 earnings per share.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded Oxford Square Capital from a "hold" rating to a "sell" rating in a research report on Sunday, May 4th.
View Our Latest Research Report on OXSQ
Institutional Investors Weigh In On Oxford Square Capital
A hedge fund recently bought a new stake in Oxford Square Capital stock. Dynamic Technology Lab Private Ltd purchased a new stake in Oxford Square Capital Corp. (NASDAQ:OXSQ - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,614 shares of the company's stock, valued at approximately $28,000. Hedge funds and other institutional investors own 6.44% of the company's stock.
About Oxford Square Capital
(
Get Free Report)
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.
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