Oxford Square Capital (NASDAQ:OXSQ) Trading Down 0.5% - What's Next?

Key Points

• Oxford Square Capital Corp. shares fell 0.5% to $2.19, with trading volume declining 28% from average levels.
• The company reported $0.08 earnings per share for the last quarter, matching estimates, but revenue of $9.52 million was below the expected $10 million.
• Oxford Square Capital announced a monthly dividend of $0.035 per share, yielding approximately 19.2%, with the ex-dividend date set for November 14th.

Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report)'s stock price traded down 0.5% during trading on Monday . The company traded as low as $2.18 and last traded at $2.19. 500,023 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 699,290 shares. The stock had previously closed at $2.20.

Oxford Square Capital Price Performance

The firm has a market capitalization of $170.13 million, a price-to-earnings ratio of -109.00 and a beta of 0.69. The business's fifty day simple moving average is $2.28 and its 200 day simple moving average is $2.40.

Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. The business had revenue of $9.52 million during the quarter, compared to analysts' expectations of $10.00 million. Oxford Square Capital had a negative net margin of 3.35% and a positive return on equity of 15.19%.

Oxford Square Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a $0.035 dividend. This represents a c) dividend on an annualized basis and a yield of 19.3%. The ex-dividend date is Friday, November 14th. Oxford Square Capital's dividend payout ratio (DPR) is presently -2,100.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OXSQ. Kennedy Investment Group acquired a new position in shares of Oxford Square Capital during the first quarter valued at about $26,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Oxford Square Capital during the first quarter valued at about $28,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Oxford Square Capital by 42.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,782 shares of the company's stock valued at $49,000 after buying an additional 5,626 shares during the last quarter. Parkside Financial Bank & Trust acquired a new position in shares of Oxford Square Capital during the second quarter valued at about $49,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Oxford Square Capital during the fourth quarter valued at about $49,000. 6.44% of the stock is currently owned by institutional investors and hedge funds.

About Oxford Square Capital

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.