Oxford Square Capital Corp. (NASDAQ:OXSQ) Sees Significant Drop in Short Interest

Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report) was the recipient of a large decrease in short interest in May. As of May 31st, there was short interest totalling 1,310,000 shares, a decrease of 26.0% from the May 15th total of 1,770,000 shares. Approximately 2.2% of the company's stock are short sold. Based on an average daily volume of 523,200 shares, the short-interest ratio is presently 2.5 days.

Oxford Square Capital Stock Performance

Shares of NASDAQ:OXSQ remained flat at $2.22 during mid-day trading on Wednesday. The company had a trading volume of 473,261 shares, compared to its average volume of 461,103. The firm has a market capitalization of $158.46 million, a price-to-earnings ratio of 222.00 and a beta of 0.66. Oxford Square Capital has a 1-year low of $2.21 and a 1-year high of $3.10. The stock's 50-day moving average price is $2.42 and its 200 day moving average price is $2.56.

Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $10.16 million during the quarter, compared to the consensus estimate of $9.90 million. Oxford Square Capital had a negative net margin of 1.12% and a positive return on equity of 16.74%. During the same quarter last year, the company earned $0.11 earnings per share.

Oxford Square Capital Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a dividend of $0.035 per share. The ex-dividend date is Thursday, July 17th. Oxford Square Capital's payout ratio is 4,200.00%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Oxford Square Capital from a "hold" rating to a "sell" rating in a research report on Sunday, May 4th.

Institutional Investors Weigh In On Oxford Square Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new stake in shares of Oxford Square Capital during the fourth quarter valued at about $30,000. Founders Financial Alliance LLC boosted its holdings in Oxford Square Capital by 124.1% in the fourth quarter. Founders Financial Alliance LLC now owns 84,865 shares of the company's stock valued at $207,000 after purchasing an additional 47,000 shares during the last quarter. LPL Financial LLC boosted its holdings in Oxford Square Capital by 74.3% in the fourth quarter. LPL Financial LLC now owns 107,096 shares of the company's stock valued at $261,000 after purchasing an additional 45,662 shares during the last quarter. United Bank acquired a new stake in Oxford Square Capital during the 4th quarter valued at approximately $43,000. Finally, Virtus ETF Advisers LLC increased its holdings in Oxford Square Capital by 26.2% during the 4th quarter. Virtus ETF Advisers LLC now owns 190,194 shares of the company's stock worth $464,000 after purchasing an additional 39,466 shares during the last quarter. Hedge funds and other institutional investors own 6.44% of the company's stock.

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.