Oxford Square Capital Corp. Plans Monthly Dividend of $0.04 (NASDAQ:OXSQ)

Key Points

• Oxford Square Capital declared a monthly dividend of $0.035 per share, payable August 31 to shareholders of record August 17, implying an annualized yield of approximately 28.8%.
• The dividend appears financially strained: the company’s payout ratio is 175%, meaning earnings alone do not currently cover the distribution, and its dividend has declined slightly over the past three years.
• Oxford Square reported quarterly EPS of $0.05, exceeding analysts’ $0.04 estimate, while CEO Jonathan H. Cohen and COO Saul B. Rosenthal each bought roughly 144,700 shares at $1.15 per share.

Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report) declared a monthly dividend on Monday, April 27th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.035 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 28.8%. The ex-dividend date of this dividend is Monday, August 17th.

Oxford Square Capital has decreased its dividend by an average of 0.1%per year over the last three years. Oxford Square Capital has a dividend 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.

Oxford Square Capital Trading Down 2.0%

Shares of OXSQ opened at $1.46 on Friday. Oxford Square Capital has a 12 month low of $1.05 and a 12 month high of $2.36. The stock's 50 day moving average is $1.42 and its two-hundred day moving average is $1.63. The firm has a market cap of $157.26 million, a P/E ratio of -3.24 and a beta of 0.36.

Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. Oxford Square Capital had a positive return on equity of 14.41% and a negative net margin of 93.65%.The business had revenue of $9.40 million during the quarter, compared to analysts' expectations of $8.32 million.

Insider Activity at Oxford Square Capital

In other Oxford Square Capital news, COO Saul B. Rosenthal bought 144,703 shares of Oxford Square Capital 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 transaction, the chief operating officer directly owned 2,201,479 shares of the company's stock, valued at $2,531,700.85. This trade represents a 7.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jonathan H. Cohen purchased 144,704 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $1.15 per share, for a total transaction of $166,409.60. Following the purchase, the chief executive officer owned 2,417,193 shares in the company, valued at approximately $2,779,771.95. The trade was a 6.37% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 6.50% of the company's stock.

Institutional Trading of Oxford Square Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd purchased a new position in Oxford Square Capital during the first quarter worth about $28,000. Legal & General Group Plc lifted its stake in Oxford Square Capital by 4.5% during the second quarter. Legal & General Group Plc now owns 468,312 shares of the company's stock worth $1,042,000 after purchasing an additional 20,205 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Oxford Square Capital in the second quarter valued at $332,000. Jane Street Group LLC raised its holdings 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 valued at $291,000 after buying an additional 52,857 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in Oxford Square Capital by 167.2% during the 3rd quarter. Squarepoint Ops LLC now owns 512,153 shares of the company's stock worth $814,000 after acquiring an additional 320,467 shares in the last quarter. 6.44% of the stock is owned by institutional investors and hedge funds.

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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