In yesterday’s Wall Street session, Oxford Square Capital Corp. (NASDAQ:OXSQ) shares traded at $3.40, down -1.45% from the previous session.
As of this writing, 1 analysts cover Oxford Square Capital Corp. (NASDAQ:OXSQ). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $4.75 and a low of $4.75, we find $4.75. Given the previous closing price of $3.45, this indicates a potential upside of 37.68 percent. OXSQ stock price is now 7.55% away from the 50-day moving average and -4.13% away from the 200-day moving average. The market capitalization of the company currently stands at $169.37M.
There are 1 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $4.75 as their price target over the next twelve months.
In other news, COHEN JONATHAN H, Chief Executive Officer bought 1,773 shares of the company’s stock on May 27. The stock was bought for $7,143 at an average price of $4.03. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,704,368 shares in the company, valued at $5.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 27, President and COO ROSENTHAL SAUL B bought 1,773 shares of the business’s stock. A total of $7,143 was incurred on buying the stock at an average price of $4.03. This leaves the insider owning 1,542,582 shares of the company worth $5.24 million. A total of 9.73% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OXSQ stock. A new stake in Oxford Square Capital Corp. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $803,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $160,000 in shares of OXSQ during the first quarter. In the first quarter, QUADRATURE CAPITAL LTD acquired a new stake in Oxford Square Capital Corp. valued at approximately $136,000. CFO4LIFE GROUP, LLC acquired a new stake in OXSQ for approximately $102,000. CITADEL ADVISORS LLC purchased a new stake in OXSQ valued at around $47,000 in the second quarter. In total, there are 63 active investors with 5.37% ownership of the company’s stock.
Monday morning saw Oxford Square Capital Corp. (NASDAQ: OXSQ) opened at $3.4700. During the past 12 months, Oxford Square Capital Corp. has had a low of $2.82 and a high of $4.29. The fifty day moving average price for OXSQ is $3.1668 and a two-hundred day moving average price translates $3.5425 for the stock.
The latest earnings results from Oxford Square Capital Corp. (NASDAQ: OXSQ) was released for Jun, 2022. According to the Asset Management Company, earnings per share came in at $0.09, beating analysts’ expectations of $0.08 by 0.01. This compares to $0.23 EPS in the same period last year. The company reported revenue of $11.4 million for the quarter, compared to $9.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.33 percent. For the current quarter, analysts expect OXSQ to generate $11.3M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/31/2023. Investors who held shares on 03/17/2023 were paid a $0.035 dividend. On an annualized basis, this represents a $0.42 dividend and a 12.35% percent yield. There was an ex-dividend date of 03/16/2023 for this dividend.
Oxford Square Capital Corp.(OXSQ) Company Profile
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. 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. Oxford Square Capital Corp., formerly known as TICC Capital Corp., was founded in 2003 and is headquartered in Greenwich, Connecticut.