Oxford Square Capital Corp. (NASDAQ:OXSQ) Short Interest Update

Key Points

• Short interest fell 31.6% — short interest dropped to 3,989,485 shares as of March 31 (from 5,829,646 on March 15), equal to about 5.0% of shares and a days-to-cover of 2.4.
• Monthly dividend declared — the company announced a $0.035 monthly dividend (ex-dividend June 16, payable June 30), implying an annualized yield of roughly 22.5%.
• Q1 results were mixed — OXSQ reported $0.07 EPS (meeting estimates) but showed a negative net margin of 46.4% alongside a positive return on equity of 14.8% and anomalous revenue figures for the quarter.

Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 3,989,485 shares, a decrease of 31.6% from the March 15th total of 5,829,646 shares. Based on an average trading volume of 1,661,072 shares, the days-to-cover ratio is presently 2.4 days. Currently, 5.0% of the company's shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Oxford Square Capital in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Oxford Square Capital has an average rating of "Sell".

Oxford Square Capital Price Performance

Shares of OXSQ stock opened at $1.87 on Tuesday. Oxford Square Capital has a fifty-two week low of $1.56 and a fifty-two week high of $2.64. The firm's 50 day moving average price is $1.80 and its two-hundred day moving average price is $1.81. The stock has a market cap of $163.65 million, a price-to-earnings ratio of -7.19 and a beta of 0.45.

Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last issued its earnings results on Tuesday, March 3rd. The company reported $0.07 EPS for the quarter, meeting analysts' consensus estimates of $0.07. Oxford Square Capital had a negative net margin of 46.44% and a positive return on equity of 14.80%. The business had revenue of ($10.71) million for the quarter, compared to the consensus estimate of $10.15 million.

Oxford Square Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.035 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) annualized dividend and a yield of 22.5%. Oxford Square Capital's dividend payout ratio (DPR) is -161.54%.

Institutional Trading of Oxford Square Capital

Several large investors have recently bought and sold shares of the company. StoneX Group Inc. acquired a new stake in Oxford Square Capital in the fourth quarter valued at approximately $29,000. McIlrath & Eck LLC acquired a new stake in Oxford Square Capital during the 4th quarter valued at approximately $43,000. Alpine Global Management LLC purchased a new stake in Oxford Square Capital during the 3rd quarter worth approximately $42,000. CANADA LIFE ASSURANCE Co raised its position in shares of Oxford Square Capital by 72.3% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 97,936 shares of the company's stock valued at $155,000 after purchasing an additional 41,105 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of Oxford Square Capital during the 3rd quarter valued at approximately $63,000. Institutional investors and hedge funds own 6.44% of the company's stock.

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.

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