Oxford Square Capital (NASDAQ:OXSQ) Trading Down 0.5% - Here's Why

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) shares dropped 0.5% on Monday . The company traded as low as $2.18 and last traded at $2.19. Approximately 500,023 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 699,290 shares. The stock had previously closed at $2.20.

Oxford Square Capital Price Performance

The company has a market cap of $170.91 million, a PE ratio of -109.50 and a beta of 0.69. The business's fifty day simple moving average is $2.28 and its two-hundred day simple moving average is $2.41.

Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $9.52 million for the quarter, compared to the consensus estimate 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 Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 19.2%. Oxford Square Capital's dividend payout ratio is presently -2,100.00%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP raised its holdings in shares of Oxford Square Capital by 10.8% during the 4th quarter. Two Sigma Advisers LP now owns 1,414,613 shares of the company's stock worth $3,452,000 after acquiring an additional 137,400 shares during the period. Millennium Management LLC raised its holdings in shares of Oxford Square Capital by 23.9% in the 4th quarter. Millennium Management LLC now owns 142,335 shares of the company's stock valued at $347,000 after buying an additional 27,451 shares during the period. Jane Street Group LLC purchased a new position in Oxford Square Capital in the fourth quarter valued at $199,000. Mercer Global Advisors Inc. ADV purchased a new position in Oxford Square Capital in the fourth quarter valued at $49,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Oxford Square Capital by 42.8% in 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. Hedge funds and other institutional investors own 6.44% of the company's stock.

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.

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