Oxford Square Capital Corp. is a business development company, which engages in the provision of capital to established businesses, investing in syndicated bank loans and purchasing debt and equity tranches of collateralized loan obligations. The company was founded on July 21, 2003 and is headquartered in Greenwich, CT.
Industry, Sector and Symbol
Industry Investment offices, not elsewhere classified
Sub-IndustryN/A
SectorFinance
CIKN/A
Phone203-983-5275
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$56.28 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/7/2019 (Estimated)
OptionableOptionable
Oxford Square Capital (NASDAQ:OXSQ) Frequently Asked Questions
What is Oxford Square Capital's stock symbol?
Oxford Square Capital trades on the NASDAQ under the ticker symbol "OXSQ."
How often does Oxford Square Capital pay dividends? What is the dividend yield for Oxford Square Capital?
Oxford Square Capital announced a quarterly dividend on Friday, February 22nd. Investors of record on Friday, March 15th will be given a dividend of $0.20 per share on Friday, March 29th. This represents a $0.80 annualized dividend and a dividend yield of 12.64%. The ex-dividend date is Thursday, March 14th. View Oxford Square Capital's Dividend History.
How were Oxford Square Capital's earnings last quarter?
Oxford Square Capital Corp (NASDAQ:OXSQ) posted its quarterly earnings data on Thursday, February, 28th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by $0.03. Oxford Square Capital had a negative net margin of 16.39% and a positive return on equity of 9.70%. View Oxford Square Capital's Earnings History.
When is Oxford Square Capital's next earnings date?
What price target have analysts set for OXSQ?
2 analysts have issued 12 month price targets for Oxford Square Capital's stock. Their predictions range from $5.00 to $5.00. On average, they anticipate Oxford Square Capital's stock price to reach $5.00 in the next twelve months. This suggests that the stock has a possible downside of 21.0%. View Analyst Price Targets for Oxford Square Capital.
What is the consensus analysts' recommendation for Oxford Square Capital?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Oxford Square Capital in the last year. There are currently 2 sell ratings for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Oxford Square Capital.
What are Wall Street analysts saying about Oxford Square Capital stock?
Here are some recent quotes from research analysts about Oxford Square Capital stock:
- 1. National Securities analysts commented, "▪ In 4Q18, OXSQ posted core NII (adding back CLO equity cost reductions) of $0.34/share, compared with our estimate of $0.26/share. Notably, excess CLO equity cash flow was $7.9mm compared with our estimate of $3.8mm. While we understand that loan market dislocation was beneficial to the economics of CLO equity, this increase was large enough that we expect some called deals and/or par flushes also contributed to the increased excess cash flow during the quarter.
▪ QTD for 3/31/19 the market has gone back to a “risk on” mentality of complacency and accordingly loan prices have rallied. We thus expect CLO equity excess cash flow to fall significantly Q/Q for 1Q19 but this should also improve NAV/share. We then expect renewed loan market volatility to return in 2Q19-3Q19 and then expect further increases in CLO equity excess cash flow and for NAV to be reduced by mark-to-market impact.
▪ Looking ahead to 2020, we think the portfolio will grow largely from club deals and increased revolver capacity. Management has not given guidance on a leverage target although we expect that the revolver will likely only have increased capacity for club deals as CLO equity can only feasibly be leveraged by unsecured notes, in our opinion. Also, OXSQ finished 2018 with 33.0% of its portfolio in CLO equity and thus we expect that the company can only recycle this unless and until the senior secured loan portfolio grows enough to free up the 30% basket.
▪ We are maintaining our SELL rating and $5 price target. We continue to believe that shareholders will react negatively to material NAV declines and not discern between these and the improving economics of CLO equity. We are revising our 2019 core NII/share estimate to $0.94 from $0.83 and are rolling out our 2020 core NII/share estimate of $0.78." (3/4/2019)
- 2. According to Zacks Investment Research, "Oxford Square Capital Corp. is a business development company principally investing in syndicated bank loans and debt and equity tranches of CLO vehicles. Oxford Square Capital Corp., formerly known as TICC Capital Corp., is based in Greenwich, United States. " (3/2/2019)
Has Oxford Square Capital been receiving favorable news coverage?
Media headlines about OXSQ stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Oxford Square Capital earned a news sentiment score of 1.3 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.
Who are some of Oxford Square Capital's key competitors?
Some companies that are related to Oxford Square Capital include Hercules Capital (HTGC), Liberty All-Star Equity Fund (USA), PIMCO High Income Fund (PHK), Boulder Growth & Income Fund (BIF), Apollo Investment (AINV), AllianceBernstein Global Hgh Incm Fd (AWF), Solar Capital (SLRC), Tekla Healthcare Investors (HQH), Blackrock Muniyield Insured Fund (MYI), Templeton Global Income Fund (GIM), General American Investors (GAM), Goldman Sachs BDC (GSBD), Invesco Van Kampen Munpl Oprtnty Tr (VMO), Templeton Dragon Fund (TDF) and Invesco Van Kmpn Trst Fr Invst Grd Mncpl (VGM).
What other stocks do shareholders of Oxford Square Capital own?
Who are Oxford Square Capital's key executives?
Oxford Square Capital's management team includes the folowing people:
- Jonathan H. Cohen, Chief Executive Officer & Director
- Saul B. Rosenthal, President & Chief Operating Officer
- Bruce L. Rubin, CFO, Secretary, Treasurer & CAO
- Gerald R. Cummins, Chief Compliance Officer
Who are Oxford Square Capital's major shareholders?
Oxford Square Capital's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Advisors Asset Management Inc. (1.01%), Selz Capital LLC (0.99%), Van ECK Associates Corp (0.81%), Two Sigma Advisers LP (0.62%), Legal & General Group Plc (0.44%) and BlackRock Inc. (0.44%). Company insiders that own Oxford Square Capital stock include Jonathan H Cohen and Saul B Rosenthal. View Institutional Ownership Trends for Oxford Square Capital.
Which major investors are selling Oxford Square Capital stock?
OXSQ stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Two Sigma Investments LP, Selz Capital LLC, D. E. Shaw & Co. Inc., Advisors Asset Management Inc., Two Sigma Advisers LP, Macquarie Group Ltd. and Van ECK Associates Corp. View Insider Buying and Selling for Oxford Square Capital.
Which major investors are buying Oxford Square Capital stock?
OXSQ stock was acquired by a variety of institutional investors in the last quarter, including Geode Capital Management LLC, Geode Capital Management LLC, Koshinski Asset Management Inc., Putnam FL Investment Management Co., Legal & General Group Plc, Wedbush Securities Inc., Quantamental Technologies LLC and Stephens Inc. AR. Company insiders that have bought Oxford Square Capital stock in the last two years include Jonathan H Cohen and Saul B Rosenthal. View Insider Buying and Selling for Oxford Square Capital.
How do I buy shares of Oxford Square Capital?
Shares of OXSQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Oxford Square Capital's stock price today?
One share of OXSQ stock can currently be purchased for approximately $6.3273.
How big of a company is Oxford Square Capital?
Oxford Square Capital has a market capitalization of $301.50 million and generates $56.28 million in revenue each year. The company earns $-9,210,000.00 in net income (profit) each year or $0.67 on an earnings per share basis.
What is Oxford Square Capital's official website?
How can I contact Oxford Square Capital?
Oxford Square Capital's mailing address is 8 SOUND SHORE DRIVE SUITE 255, GREENWICH CT, 06830. The company can be reached via phone at 203-983-5275 or via email at [email protected]
MarketBeat Community Rating for Oxford Square Capital (NASDAQ OXSQ)
MarketBeat's community ratings are surveys of what our community members think about Oxford Square Capital and other stocks. Vote "Outperform" if you believe OXSQ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OXSQ will underperform the S&P 500 over the long term. You may vote once every thirty days.
