In a challenging market environment, Oxford Square Capital Corp. (NASDAQ:OXSQ) stock has recorded a new 52-week low, dipping to $2.62. The investment firm, specializing in public and private debt and equity investments, has faced headwinds that reflect a broader market trend, contributing to a notable 1-year change with a decline of -8.19%. Investors are closely monitoring the company's performance as it navigates through the current economic landscape, which has been marked by volatility and shifting investor sentiment. The 52-week low serves as a critical point of reference for the stock's movement in the coming months.
In other recent news, Oxford Square Capital has reported a decrease in its net investment income in the third quarter of 2024. The company announced net investment income of $6.2 million, or $0.10 per share, a drop from the previous quarter's $7.7 million, or $0.13 per share. The net asset value per share also decreased to $2.35 from the preceding quarter's $2.43. Total (EPA:TTEF) investment income for the quarter was approximately $10.3 million, down from $11.4 million in the second quarter. Oxford Square Capital also experienced combined net unrealized and realized losses on investments of approximately $7.1 million, or $0.11 per share. Despite these developments, the company's investment activity included purchases of $47.7 million and repayments of $27.9 million. The company also declared monthly distributions of $0.035 per share for the first quarter of 2025, demonstrating its continued commitment to return strategies.
InvestingPro Insights
Despite Oxford Square Capital Corp. (OXSQ) hitting a new 52-week low, InvestingPro data reveals some interesting aspects of the company's financial position. The stock currently boasts a substantial dividend yield of 15.91%, which aligns with one of the InvestingPro Tips indicating that OXSQ "pays a significant dividend to shareholders." This high yield could be attractive to income-focused investors, especially considering that the company has maintained dividend payments for 21 consecutive years.
However, it's important to note that OXSQ's revenue growth has been negative, with a -12.89% decline in the last twelve months as of Q3 2024. This decline in revenue, coupled with a negative P/E ratio of -34.29, suggests that the company is currently not profitable, which is confirmed by another InvestingPro Tip.
On a positive note, an InvestingPro Tip highlights that OXSQ's "liquid assets exceed short-term obligations," indicating a solid short-term financial position despite the current challenges. This could provide some reassurance to investors concerned about the company's ability to weather the current market downturn.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and metrics that could provide deeper insights into OXSQ's financial health and market position. Currently, there are 7 additional tips available on the InvestingPro platform for OXSQ.
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