Oxford Square Capital (NASDAQ:OXSQ) Trading 2.7% Higher - Time to Buy?
Oxford Square Capital Corp. (NASDAQ:OXSQ) saw its share price rise by 2.7% to $1.90, with 868,003 shares traded, a 26% decline from average volume. Analysts maintain a "sell" rating, with Weiss Ratings reiterating a "sell (d+)". The company reported $0.07 earnings per share, meeting estimates, and revenue of $10.24 million, exceeding expectations. Hedge funds hold 6.44% of the stock, with several institutions recently acquiring stakes. Despite the price increase, analysts suggest better investment opportunities exist.
Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report)'s share price was up 2.7% on Friday . The stock traded as high as $1.92 and last traded at $1.90. Approximately 868,003 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 1,170,015 shares. The stock had previously closed at $1.85.
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Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of Oxford Square Capital in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Oxford Square Capital presently has an average rating of "Sell".
View Our Latest Stock Report on OXSQ
Oxford Square Capital Price Performance
The firm has a market capitalization of $155.17 million, a price-to-earnings ratio of -47.50 and a beta of 0.54. The stock has a 50 day moving average price of $1.82 and a two-hundred day moving average price of $1.95.
Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last released its earnings results on Tuesday, November 4th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $10.24 million during the quarter, compared to the consensus estimate of $9.60 million. Oxford Square Capital had a positive return on equity of 14.80% and a negative net margin of 6.39%.
Hedge Funds Weigh In On Oxford Square Capital
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Oxford Square Capital during the first quarter worth $28,000. Arkadios Wealth Advisors acquired a new position in Oxford Square Capital during the 3rd quarter worth $32,000. Parkside Financial Bank & Trust purchased a new stake in Oxford Square Capital during the 2nd quarter worth about $49,000. McIlrath & Eck LLC purchased a new stake in Oxford Square Capital during the 4th quarter worth about $43,000. Finally, Alpine Global Management LLC acquired a new stake in Oxford Square Capital in the 3rd quarter valued at about $42,000. Hedge funds and other institutional investors own 6.44% of the company's stock.
About Oxford Square Capital
(Get Free Report)Oxford Square Capital Corp. NASDAQ: OXSQ is a publicly traded business development company that provides flexible financing solutions to U.S. middle-market companies. Chartered as a closed-end management investment company, Oxford Square Capital seeks to generate current income and capital appreciation by investing primarily in secured loans, mezzanine debt and equity co-investments. The firm targets businesses with established cash flows, offering tailored capital structures designed to support growth, recapitalizations and acquisitions.
The company's investment strategy focuses on senior secured first-lien and second-lien loans, subordinated debt and preferred and common equity stakes.
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