Oxford Square Capital Corp (NASDAQ:OXSQ) declared a dividend on Friday, October 25th, Fidelity reports. Stockholders of record on Friday, January 17th will be paid a dividend of 0.067 per share on Friday, January 31st. The ex-dividend date is Thursday, January 16th.
Oxford Square Capital has decreased its dividend by an average of 11.5% per year over the last three years. Oxford Square Capital has a dividend payout ratio of 97.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Oxford Square Capital to earn $0.75 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 106.7%.
Shares of NASDAQ OXSQ opened at $5.88 on Tuesday. The firm has a market cap of $279.09 million, a price-to-earnings ratio of 8.78 and a beta of 0.44. The business’s 50-day simple moving average is $5.43 and its 200-day simple moving average is $5.94. Oxford Square Capital has a 52 week low of $5.02 and a 52 week high of $7.45.
In other news, COO Saul B. Rosenthal acquired 10,400 shares of Oxford Square Capital stock in a transaction on Monday, December 2nd. The stock was bought at an average price of $5.28 per share, for a total transaction of $54,912.00. Following the transaction, the chief operating officer now owns 1,225,088 shares of the company’s stock, valued at $6,468,464.64. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Saul B. Rosenthal acquired 5,200 shares of Oxford Square Capital stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $5.17 per share, with a total value of $26,884.00. Following the transaction, the chief operating officer now directly owns 1,206,891 shares in the company, valued at approximately $6,239,626.47. The disclosure for this purchase can be found here. Insiders acquired a total of 27,096 shares of company stock valued at $142,179 in the last quarter. Corporate insiders own 8.40% of the company’s stock.
A number of analysts have issued reports on OXSQ shares. Zacks Investment Research lowered Oxford Square Capital from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. ValuEngine raised Oxford Square Capital from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $5.33.
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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