TICC Capital Corp. is a business development company, operates as a closed-end, non-diversified management investment company. The firm invests in both public and private companies. It invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, and common stock. The firm primarily invests in debt and/or equity securities of technology-related companies that operate in the computer software, Internet, information technology infrastructure and services, media, telecommunications and telecommunications equipment, semiconductors, hardware, technology-enabled services, semiconductor capital equipment, medical device technology, diversified technology, and networking systems sectors. It concentrates its investments in companies having annual revenues of less than $200 million and a market capitalization or enterprise value of less than $300 million. The firm invests between $5 million and $30 million per transaction. It seeks to exit its investments within 7 years. It serves as the investment adviser to TICC. TICC Capital Corp., formerly known as Technology Investment Capital Corp., was founded in 2003 and is headquartered in Greenwich, Connecticut.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Investment offices, not elsewhere classified
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:OXSQ
CUSIPN/A
Phone203-983-5275
Debt
Debt-to-Equity Ratio0.42
Current Ratio39.47
Quick Ratio39.47
Price-To-Earnings
Trailing P/E Ratio11.83
Forward P/E Ratio10.44
P/E GrowthN/A
Sales & Book Value
Annual Sales$61.42 million
Price / Sales5.69
Cash Flow$0.5897 per share
Price / Cash12.04
Book Value$7.55 per share
Price / Book0.94
Profitability
EPS (Most Recent Fiscal Year)$0.60
Net Income$43.60 million
Net Margins75.90%
Return on Equity8.43%
Return on Assets6.26%
Miscellaneous
EmployeesN/A
Outstanding Shares49,260,000
Market Cap$353.16 million
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 declared a quarterly dividend on Thursday, July 26th. Investors of record on Friday, September 14th will be paid a dividend of $0.20 per share on Friday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 11.27%. The ex-dividend date of this dividend is Thursday, September 13th. View Oxford Square Capital's Dividend History.
How were Oxford Square Capital's earnings last quarter?
Oxford Square Capital Corp (NASDAQ:OXSQ) released its quarterly earnings results on Tuesday, July, 31st. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. The company had revenue of $12.40 million for the quarter, compared to analyst estimates of $13.41 million. Oxford Square Capital had a return on equity of 8.43% and a net margin of 75.90%. Oxford Square Capital's revenue was down 26.6% compared to the same quarter last year. 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 equities research analysts have issued twelve-month price targets for Oxford Square Capital's shares. Their predictions range from $5.00 to $5.00. On average, they expect Oxford Square Capital's share price to reach $5.00 in the next year. This suggests that the stock has a possible downside of 29.6%. 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 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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, " OXSQ posted core NII/share of $0.18 versus our estimate of $0.21 and the dividend of $0.20. We had modeled CLO equity estimated additional taxable income (EATI) of $2.3 million on the quarter versus the $1.4 million Oxford recorded. We expect core earnings to trend up in 2H18 from spread compression abating and lower refinance and reset costs and in 2019 from what we expect will be a significant loan market dislocation.
The widening of credit spreads would serve to boost EATI and core NII along with yields on the portfolio, particularly CLO equity which has locked in liabilities but a revolving pool of assets and stands to benefit the most from said dislocation. However, the marks on a leveraged credit vehicle like CLO equity will be significantly negative and drag down NAV/share and we believe the stock with it.
For example, we think NIM will jump to 11.90% from 11.01% Y/Y for 2019 but also expect NAV/share to decline to $5.90 in 4Q19 from $7.42 in 4Q18 almost entirely as a result of spread widening causing negative marks, particularly on the CLO equity book.
The steep drop in NAV/share will likely induce selling pressure despite the underlying economics of CLO equity improving with the widening of credit spreads. We think the market’s approach to heavily relying upon NAV to value BDCs is the primary reason why we dislike CLO equity inside a BDC despite finding the asset class itself highly attractive.
We are revising our 2018 core NII/share estimate to $0.74 from $0.85 and our 2019 core NII/share estimate to $0.87 from $0.89 and maintaining our SELL rating and $5 price target. Our $5 price target represents a 15% discount to out 4Q19 NAV/share estimate which we believe is reasonable given the sizable moves downward we model in NAV/share." (8/6/2018)
- 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. " (7/25/2018)
Who are some of Oxford Square Capital's key competitors?
Some companies that are related to Oxford Square Capital include Liberty All-Star Equity Fund (USA), Hercules Capital (HTGC), Apollo Investment (AINV), Boulder Growth & Income Fund (BIF), PIMCO High Income Fund (PHK), AllianceBernstein Global Hgh Incm Fd (AWF), General American Investors (GAM), Tekla Healthcare Investors (HQH), Solar Capital (SLRC), Goldman Sachs BDC (GSBD), Blackrock Muniyield Insured Fund (MYI), Templeton Global Income Fund (GIM), Invesco Van Kampen Munpl Oprtnty Tr (VMO), John Hancock Financial Opprts Fund (BTO) and Templeton Dragon Fund (TDF).
Who are Oxford Square Capital's key executives?
Oxford Square Capital's management team includes the folowing people:
- Mr. Jonathan H. Cohen, CEO & Interested Director (Age 53)
- Mr. Saul Barak Rosenthal, Pres & COO (Age 49)
- Mr. Bruce L. Rubin, CFO, Chief Accounting Officer, Sr. VP, Treasurer, Sec. & Controller (Age 59)
- Mr. Gerald Cummins, Chief Compliance Officer (Age 63)
- Mr. Kevin P. Yonon, MD & Portfolio Mang.
Who are Oxford Square Capital's major shareholders?
Oxford Square Capital's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Advisors Asset Management Inc. (0.98%), Bank of Montreal Can (0.92%), Van ECK Associates Corp (0.77%), Advisors Asset Management Inc. (0.60%), BlackRock Inc. (0.46%) and Legal & General Group Plc (0.40%). Company insiders that own Oxford Square Capital stock include George Stelljes III, Jonathan H Cohen, Richard W Neu, Saul B Rosenthal and Steven P Novak. View Institutional Ownership Trends for Oxford Square Capital.
Which institutional investors are selling Oxford Square Capital stock?
Which institutional investors are buying Oxford Square Capital stock?
OXSQ stock was acquired by a variety of institutional investors in the last quarter, including Advisors Asset Management Inc., Bank of Montreal Can, Advisors Asset Management Inc., Millennium Management LLC, Commonwealth Equity Services LLC, Bramshill Investments LLC, Aperio Group LLC and Russell Investments Group Ltd.. Company insiders that have bought Oxford Square Capital stock in the last two years include George Stelljes III, Jonathan H Cohen, Richard W Neu, Saul B Rosenthal and Steven P Novak. 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 $7.10.
How big of a company is Oxford Square Capital?
Oxford Square Capital has a market capitalization of $353.16 million and generates $61.42 million in revenue each year. The company earns $43.60 million in net income (profit) each year or $0.60 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.
