Some Serious CLO Equity Issues For Oxford Square Capital [Seeking Alpha]
Oxford Square Capital Corp. - Closed End Fund (OXSQ)
Company Research
Source: Seeking Alpha
Summary This article examines Oxford Square Capital Corporation from a NAV value approach. In the last six years, Oxford Square Capital has had declining NAV and unstable coverage of its dividend by net-investment-income. In addition to these issues, there are recent underlying issues with the company's CLO equity holdings. With dismal 1.55% annual total returns for investors over the last six years and the current premium 1.06x price/NAVPS ratio, this stock is overpriced. Net-asset-value ("NAV") growth trends are a critical measure for investors to consider when investing in BDC companies as the NAV reflects the value of the underlying assets held by the company if the company were to be liquidated. Taking this approach, net-asset-value-per-share ("NAVPS") therefore is an important indicator for investors to monitor as it demonstrates to investors how much underlying NAV their shares have rights to. Understanding of NAVPS can be further enhanced by comparing the price of the stock to
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OXSQ
News
- Oxford Square Capital Corp. (NASDAQ: OXSQ) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Oxford Square Capital Corp. (NASDAQ: OXSQ) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Oxford Square Capital Corp. (NASDAQ: OXSQ) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Oxford Square Capital Corp. Announces Net Asset Value and Selected Financial Results for the Quarter Ended September 30, 2024 and Declaration of Distributions on Common Stock for the Months Ending January 31, February 28, and March 31, 2025GlobeNewswire
- Oxford Square Capital Corp. Schedules Third Quarter 2024 Earnings Release and Conference Call for November 5, 2024GlobeNewswire
OXSQ
Sec Filings
- 11/7/24 - Form 10-Q
- 11/5/24 - Form 8-K
- OXSQ's page on the SEC website