Oxford Square Capital Corp. (NASDAQ:OXSQ) Sees Significant Decline in Short Interest

Oxford Square Capital Corp. (NASDAQ:OXSQ) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 534,400 shares, a decrease of 39.3% from the October 15th total of 880,500 shares. Based on an average trading volume of 459,100 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Moloney Securities Asset Management LLC increased its position in shares of Oxford Square Capital by 2.7% in the third quarter. Moloney Securities Asset Management LLC now owns 149,481 shares of the company’s stock worth $423,000 after purchasing an additional 3,900 shares during the period. International Assets Investment Management LLC boosted its stake in Oxford Square Capital by 166.5% in the third quarter. International Assets Investment Management LLC now owns 137,312 shares of the company’s stock valued at $389,000 after buying an additional 85,792 shares in the last quarter. Quadrature Capital Ltd boosted its stake in Oxford Square Capital by 57.7% in the first quarter. Quadrature Capital Ltd now owns 133,168 shares of the company’s stock valued at $422,000 after buying an additional 48,717 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Oxford Square Capital by 22.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 57,288 shares of the company’s stock valued at $182,000 after buying an additional 10,368 shares in the last quarter. Finally, Creative Planning boosted its stake in Oxford Square Capital by 17.6% in the third quarter. Creative Planning now owns 40,840 shares of the company’s stock valued at $116,000 after buying an additional 6,103 shares in the last quarter. Institutional investors own 6.44% of the company’s stock.

Oxford Square Capital Price Performance

Shares of Oxford Square Capital stock opened at $2.70 on Friday. The company has a market capitalization of $183.30 million, a price-to-earnings ratio of -27.00 and a beta of 1.10. The business has a fifty day simple moving average of $2.88 and a two-hundred day simple moving average of $2.98. Oxford Square Capital has a 1 year low of $2.67 and a 1 year high of $3.29.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Oxford Square Capital had a positive return on equity of 18.58% and a negative net margin of 10.48%. The company had revenue of $11.45 million for the quarter. During the same quarter in the previous year, the business posted $0.13 EPS.

Oxford Square Capital Dividend Announcement

The business 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 $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 15.56%. The ex-dividend date is Monday, March 17th. Oxford Square Capital’s payout ratio is currently -419.96%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Oxford Square Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th.

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.