Oxford Square Capital (NASDAQ:OXSQ) Upgraded at StockNews.com

StockNews.com upgraded shares of Oxford Square Capital (NASDAQ:OXSQ) from a sell rating to a hold rating in a report published on Tuesday.

Oxford Square Capital Trading Down 0.8 %

OXSQ opened at $2.62 on Tuesday. The firm has a market capitalization of $177.88 million, a PE ratio of -26.40 and a beta of 1.10. Oxford Square Capital has a twelve month low of $2.62 and a twelve month high of $3.29. The firm’s 50-day moving average price is $2.86 and its 200 day moving average price is $2.96.

Oxford Square Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.035 per share. The ex-dividend date is Monday, March 17th. This represents a $0.42 dividend on an annualized basis and a yield of 16.03%. Oxford Square Capital’s payout ratio is presently -420.00%.

Hedge Funds Weigh In On Oxford Square Capital

Institutional investors have recently bought and sold shares of the company. National Wealth Management Group LLC purchased a new position in Oxford Square Capital during the third quarter worth about $28,000. LifeSteps Financial Inc. purchased a new position in Oxford Square Capital during the second quarter worth about $29,000. First Bancorp Inc ME purchased a new position in Oxford Square Capital during the second quarter worth about $53,000. Creative Planning raised its stake in Oxford Square Capital by 17.6% during the third quarter. Creative Planning now owns 40,840 shares of the company’s stock worth $116,000 after purchasing an additional 6,103 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its stake in Oxford Square Capital by 22.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 57,288 shares of the company’s stock worth $182,000 after purchasing an additional 10,368 shares during the period. 6.44% of the stock is owned by hedge funds and other institutional investors.

Oxford Square Capital 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.