Oxford Square Capital (OXSQ) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Oxford Square Capital (NASDAQ:OXSQ) from a hold rating to a buy rating in a research note released on Thursday morning. Zacks Investment Research currently has $7.50 target price on the stock.

According to Zacks, “Oxford Square Capital Corp. is a business development company principally investing in syndicated bank loans and debt and equity tranches of CLO vehicles. Oxford Square Capital Corp., formerly known as TICC Capital Corp., is based in Greenwich, United States. “

Several other research firms have also recently weighed in on OXSQ. National Securities reaffirmed a sell rating and issued a $5.00 price target on shares of Oxford Square Capital in a report on Monday, August 6th. TheStreet lowered Oxford Square Capital from a b- rating to a c+ rating in a research report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $6.25.

NASDAQ:OXSQ opened at $6.70 on Thursday. Oxford Square Capital has a twelve month low of $5.15 and a twelve month high of $7.52. The stock has a market capitalization of $324.95 million, a price-to-earnings ratio of 11.17 and a beta of 0.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.18.

Oxford Square Capital (NASDAQ:OXSQ) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Oxford Square Capital had a return on equity of 8.99% and a net margin of 75.91%. The firm had revenue of $15.15 million for the quarter, compared to analysts’ expectations of $14.44 million. As a group, research analysts expect that Oxford Square Capital will post 0.69 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. increased its position in shares of Oxford Square Capital by 16.2% during the 2nd quarter. Macquarie Group Ltd. now owns 55,098 shares of the company’s stock valued at $380,000 after purchasing an additional 7,700 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Oxford Square Capital by 12.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 148,370 shares of the company’s stock valued at $1,056,000 after purchasing an additional 16,399 shares during the last quarter. Eagle Global Advisors LLC bought a new position in shares of Oxford Square Capital during the 2nd quarter valued at about $118,000. Legal & General Group Plc increased its position in shares of Oxford Square Capital by 9.9% during the 2nd quarter. Legal & General Group Plc now owns 197,092 shares of the company’s stock valued at $1,361,000 after purchasing an additional 17,806 shares during the last quarter. Finally, Stephens Inc. AR bought a new position in shares of Oxford Square Capital during the 2nd quarter valued at about $133,000. Hedge funds and other institutional investors own 14.80% of the company’s stock.

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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