StockNews.com lowered shares of Oxford Square Capital (NASDAQ:OXSQ - Free Report) from a hold rating to a sell rating in a report published on Friday morning.
Oxford Square Capital Stock Up 1.6 %
Oxford Square Capital stock traded up $0.04 during trading hours on Friday, hitting $2.48. The stock had a trading volume of 57,572 shares, compared to its average volume of 415,025. The company has a 50-day moving average of $2.63 and a two-hundred day moving average of $2.69. The company has a market cap of $173.08 million, a PE ratio of -24.80 and a beta of 0.71. Oxford Square Capital has a fifty-two week low of $2.28 and a fifty-two week high of $3.29.
Oxford Square Capital Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be given a $0.035 dividend. The ex-dividend date is Wednesday, April 16th. This represents a yield of 16.94%. Oxford Square Capital's payout ratio is 420.00%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kingsview Wealth Management LLC increased its stake in Oxford Square Capital by 23.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 68,425 shares of the company's stock worth $167,000 after purchasing an additional 13,000 shares in the last quarter. United Bank bought a new stake in Oxford Square Capital during the 4th quarter worth approximately $43,000. Strategic Financial Concepts LLC bought a new stake in Oxford Square Capital during the 4th quarter worth approximately $30,000. Moloney Securities Asset Management LLC increased its stake in Oxford Square Capital by 3.6% during the 4th quarter. Moloney Securities Asset Management LLC now owns 154,800 shares of the company's stock worth $378,000 after purchasing an additional 5,319 shares in the last quarter. Finally, Founders Financial Alliance LLC increased its stake in Oxford Square Capital by 124.1% during the 4th quarter. Founders Financial Alliance LLC now owns 84,865 shares of the company's stock worth $207,000 after purchasing an additional 47,000 shares in the last quarter. 6.44% of the stock is currently owned by institutional investors.
About Oxford Square Capital
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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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