Oxford Square Capital (NASDAQ:OXSQ) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Wall Street Zen upgraded Oxford Square Capital from “Sell” to “Hold,” but Weiss Ratings separately downgraded it to “Sell (D),” leaving the stock with a consensus “Sell” rating from MarketBeat.
• OXSQ shares opened at $1.49, with a 52-week range of $1.05 to $2.42 and a market capitalization of approximately $139.4 million. The company recently beat quarterly estimates, reporting $0.05 in EPS versus expectations of $0.04 and revenue of $9.40 million versus $8.32 million.
• Company insiders increased their holdings through purchases of roughly 144,700 shares each by the CEO and COO at $1.15 per share. Insiders own 6.50% of the stock, while hedge funds and other institutions own 6.44%.

Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings lowered Oxford Square Capital from a "sell (d+)" rating to a "sell (d)" rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".

Oxford Square Capital Price Performance

Shares of OXSQ opened at $1.49 on Friday. Oxford Square Capital has a fifty-two week low of $1.05 and a fifty-two week high of $2.42. The company's fifty day moving average is $1.40 and its two-hundred day moving average is $1.64. The firm has a market cap of $139.36 million, a PE ratio of -3.31 and a beta of 0.36.

Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The business had revenue of $9.40 million during the quarter, compared to the consensus estimate of $8.32 million. Oxford Square Capital had a positive return on equity of 14.23% and a negative net margin of 93.65%.

Insider Activity at Oxford Square Capital

In other Oxford Square Capital news, COO Saul B. Rosenthal acquired 144,703 shares of the company's stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $1.15 per share, with a total value 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 approximately $2,531,700.85. The trade was a 7.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jonathan H. Cohen bought 144,704 shares of the business'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. This trade represents a 6.37% increase in their position. The SEC filing for this purchase provides additional information. 6.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Oxford Square Capital in the second quarter worth about $383,000. McIlrath & Eck LLC raised its holdings in shares of Oxford Square Capital by 166.8% during the 1st quarter. McIlrath & Eck LLC now owns 65,375 shares of the company's stock valued at $116,000 after buying an additional 40,875 shares during the period. Silverberg Bernstein Capital Management LLC lifted its position in Oxford Square Capital by 42.6% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 106,710 shares of the company's stock worth $189,000 after acquiring an additional 31,865 shares in the last quarter. StoneX Group Inc. acquired a new position in Oxford Square Capital during the 4th quarter worth approximately $29,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in Oxford Square Capital by 72.3% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 97,936 shares of the company's stock worth $155,000 after acquiring an additional 41,105 shares in the last quarter. 6.44% of the stock is owned by hedge funds and other institutional investors.

About Oxford Square Capital

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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