Short Interest in Oxford Square Capital Corp. (NASDAQ:OXSQ) Drops By 39.3%

Oxford Square Capital Corp. (NASDAQ:OXSQ) was the target of a large decrease in short interest in 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 daily trading volume, of 459,100 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On Oxford Square Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. National Wealth Management Group LLC acquired a new position in shares of Oxford Square Capital in the 3rd quarter valued at $28,000. LifeSteps Financial Inc. acquired a new position in Oxford Square Capital in the second quarter valued at $29,000. First Bancorp Inc ME purchased a new stake in shares of Oxford Square Capital in the second quarter valued at about $53,000. Creative Planning boosted its stake in shares of 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 buying an additional 6,103 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of 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 buying an additional 10,368 shares during the last quarter. Hedge funds and other institutional investors own 6.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Oxford Square Capital Stock Down 2.3 %

Shares of NASDAQ:OXSQ opened at $2.70 on Friday. The business has a fifty day moving average of $2.88 and a two-hundred day moving average of $2.98. Oxford Square Capital has a 52-week low of $2.67 and a 52-week high of $3.29. The stock has a market cap of $183.30 million, a P/E ratio of -27.00 and a beta of 1.10.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 period in the previous year, the business posted $0.13 EPS.

Oxford Square Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a yield of 15.56%. The ex-dividend date of this dividend is Monday, March 17th. Oxford Square Capital’s dividend payout ratio (DPR) is -419.96%.

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.