Oxford Square Capital Corp (NASDAQ:OXSQ) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 466,400 shares, a drop of 12.1% from the June 30th total of 530,500 shares. Based on an average daily volume of 130,500 shares, the short-interest ratio is presently 3.6 days. Approximately 1.1% of the shares of the stock are sold short.
Institutional investors and hedge funds have recently made changes to their positions in the business. NEXT Financial Group Inc acquired a new position in shares of Oxford Square Capital in the 2nd quarter valued at about $75,000. Stratos Wealth Partners LTD. lifted its stake in shares of Oxford Square Capital by 10.8% in the 1st quarter. Stratos Wealth Partners LTD. now owns 20,600 shares of the company’s stock valued at $134,000 after purchasing an additional 2,000 shares during the period. Marshall Wace LLP acquired a new position in shares of Oxford Square Capital in the 1st quarter valued at about $222,000. Creative Planning lifted its stake in shares of Oxford Square Capital by 8.4% in the 2nd quarter. Creative Planning now owns 38,900 shares of the company’s stock valued at $249,000 after purchasing an additional 3,000 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in shares of Oxford Square Capital by 99.5% in the 2nd quarter. GSA Capital Partners LLP now owns 39,954 shares of the company’s stock valued at $256,000 after purchasing an additional 19,925 shares during the period. 14.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ OXSQ traded down $0.06 during mid-day trading on Wednesday, hitting $6.32. 193,206 shares of the stock traded hands, compared to its average volume of 160,988. Oxford Square Capital has a twelve month low of $5.89 and a twelve month high of $7.52. The firm has a market capitalization of $301.63 million, a P/E ratio of 9.43 and a beta of 0.46. The firm’s 50 day simple moving average is $6.52.
Several equities research analysts recently weighed in on OXSQ shares. TheStreet raised Oxford Square Capital from a “c+” rating to a “b-” rating in a report on Monday, July 29th. Zacks Investment Research downgraded Oxford Square Capital from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. LADENBURG THALM/SH SH downgraded Oxford Square Capital from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Finally, National Securities reissued a “sell” rating and set a $5.00 price objective on shares of Oxford Square Capital in a report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.67.
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.
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