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Oxford Square Capital Corp (OXSQ)
NASDAQ:OXSQ
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Oxford Square Capital
(NASDAQ:OXSQ)
53Neutral
Oxford Square Capital (OXSQ) vs. S&P 500 (SPY)
Market Cap
$178.66M
Dividend Yield16.41%
Average Volume (3M)402.61K
Price to Earnings (P/E)27.6
Beta (1Y)0.30
Revenue Growth-254.03%
EPS Growth-74.17%
CountryUS
EmployeesN/A
SectorFinancial
Sector Strength82
IndustryAsset Management
Share Statistics
EPS (TTM)0.09
Shares Outstanding69,789,530
10 Day Avg. Volume362,097
30 Day Avg. Volume402,607
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)115.74
Price to Cash Flow (P/CF)-7.30
P/FCF Ratio6.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Oxford Square Capital Business Overview & Revenue Model
Company DescriptionOxford Square Capital Corp (OXSQ) is a publicly traded business development company that primarily invests in debt and equity securities of technology-related and non-technology-related companies. The company focuses on generating current income and capital appreciation through a portfolio that includes senior and subordinated loans, as well as equity interests. OXSQ operates within the financial services sector, providing capital solutions to middle-market companies in the United States.
How the Company Makes MoneyOxford Square Capital Corp makes money by investing in debt and equity securities that provide income through interest payments and potential capital gains. A significant portion of its revenue is derived from interest income earned on loans made to middle-market companies. The company also generates income through dividends and realized capital gains from the sale of equity investments. OXSQ seeks to achieve its investment objectives by actively managing its portfolio to optimize returns while mitigating risks. The firm’s earnings can be influenced by factors such as interest rates, the performance of the underlying companies in its portfolio, and overall economic conditions.
Oxford Square Capital Financial Statement Overview
Summary
Oxford Square Capital shows a mixed financial profile. Strong operating cash flows indicate good cash management, but challenges exist in revenue consistency, net profitability, and high leverage. Debt management and consistent revenue growth are crucial for stability.Income Statement
The company's revenue growth has been volatile, with significant fluctuations over the years. Gross profit margins are consistent with total revenue, but net profit margins have been negative or negligible, indicating potential challenges in managing costs or achieving profitability. EBIT margins show some stability, yet the absence of EBITDA data for recent periods limits a full analysis of operational efficiency.40
Negative
Balance Sheet
The balance sheet shows a stable equity ratio, indicating a solid foundation of equity relative to total assets. However, the debt-to-equity ratio is high, suggesting reliance on debt financing, which could pose risks if not managed carefully. Return on equity has been inconsistent, reflecting volatile net income performance over recent years.55
Neutral
Cash Flow
Cash flow analysis indicates strong operating cash flows relative to net income, suggesting good cash management. Free cash flow has grown, albeit with fluctuations, providing some flexibility for investments or debt repayments. However, the high investing cash outflows in some periods raise concerns about long-term sustainability without corresponding revenue growth.65
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 42.68T | 51.82M | -81.38M | 43.88M | 5.54M | Gross Profit |
| 42.68T | 51.82M | -87.52M | 37.37M | 803.64K | EBIT |
| 40.55T | 43.31M | 33.04M | 39.58M | 1.71M | EBITDA |
| 0.00 | 41.89M | 75.82M | 0.00 | 1.71M | Net Income Common Stockholders |
| 5.88M | 17.24M | -97.91M | 39.58M | 1.71M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 34.93T | 5.74T | 319.37M | 9.02M | 59.14M | Total Assets |
| 10.00T> | 277.67M | 327.99M | 433.51M | 357.66M | Total Debt |
| 10.00T> | 122.98M | 186.32M | 185.38M | 106.86M | Net Debt |
| 88.67T | -5.74M | 177.31M | 176.37M | 47.73M | Total Liabilities |
| 10.00T> | 126.36M | 189.32M | 188.91M | 132.23M | Stockholders Equity |
| 10.00T> | 151.31M | 138.67M | 244.60M | 225.43M |
| Cash Flow | Free Cash Flow | |||
| 25.71M | 65.69M | 20.37M | -107.43M | 95.05M | Operating Cash Flow |
| 25.71M | 65.69M | 20.37M | -107.43M | 95.05M | Investing Cash Flow |
| 0.00 | 0.00 | -69.63T | -10.00T> | 5.84T | Financing Cash Flow |
| 3.48M | -68.97M | -20.37M | 57.31M | -52.37M |
Oxford Square Capital Technical Analysis
Negative
2.56
Price Trends
2.67
Negative
2.60
Negative
2.64
Negative
Market Momentum
-0.04
Positive
32.57
Neutral
13.65
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OXSQ, the sentiment is Negative. The current price of 2.56 is below the 20-day moving average (MA) of 2.65, below the 50-day MA of 2.67, and below the 200-day MA of 2.64, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 32.57 is Neutral, neither overbought nor oversold. The STOCH value of 13.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OXSQ.
Oxford Square Capital Risk Analysis
Oxford Square Capital disclosed 75 risk factors in its most recent earnings report. Oxford Square Capital reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Oxford Square Capital Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $15.13B | 9.06 | 12.40% | 8.68% | 19.95% | -10.57% | |
74 Outperform | $935.61M | 9.77 | 9.67% | 9.56% | 14.33% | 25.35% | |
72 Outperform | $1.42B | 22.09 | 3.96% | 14.86% | -28.04% | -69.52% | |
64 Neutral | $14.25B | 10.26 | 8.97% | 4.33% | 16.33% | -11.91% | |
63 Neutral | $1.83B | ― | 0.78% | 16.77% | -31.63% | -0.75% | |
58 Neutral | $679.77M | ― | -8.57% | 17.02% | 8.24% | -207.60% | |
53 Neutral | $178.66M | 27.65 | 3.77% | 16.41% | -254.03% | -74.17% |
* Financial Sector Average
Performance Comparison
OXSQ
Oxford Square Capital
2.56
-0.16
-5.88%
PSEC
Prospect Capital
4.12
-0.70
-14.52%
SLRC
SLR Investment Corp.
17.15
3.44
25.09%
ARCC
Ares Capital
22.11
3.49
18.74%
TCPC
BlackRock TCP Capital
7.99
-0.73
-8.37%
GSBD
Goldman Sachs BDC
12.11
-1.50
-11.02%
Oxford Square Capital Earnings Call Summary
Earnings Call Date: Feb 28, 2025 | % Change Since: -7.25% | Next Earnings Date: May 6, 2025
Earnings Call Sentiment Neutral
The earnings call presented a balanced view with improvements in U.S. loan market performance and loan issuance, although these were offset by declines in net investment income, net asset value per share, and increased default rates.Highlights
Improved U.S. Loan Market Performance
U.S. loan market performance improved with loan prices increasing from 96.71% of par as of September 30 to 97.33% of par as of December 31.
Significant Increase in U.S. Leveraged Loan Issuance
U.S. Leveraged Loan primary market issuance was $96.7 billion, representing a 75% increase compared to the previous year.
Reduced Distressed Ratio
The distressed ratio ended the quarter at 3.02%, down from 3.43% at the end of the third quarter.
Lowlights
Decline in Net Investment Income
Net investment income was $6 million or $0.09 per share, a decrease from $6.2 million or $0.1 per share in the prior quarter.
Decreased Net Asset Value Per Share
Net asset value per share decreased to $2.3 from $2.35 in the previous quarter.
Net Unrealized and Realized Losses on Investments
Combined net unrealized and realized losses on investments were $2.7 million or $0.04 per share, though improved from $7.1 million or $0.11 per share in the prior quarter.
Increased Default Rate
The 12-month trailing default rate for the loan index increased to 0.91% from 0.8% in the previous quarter.
Company Guidance
During the fourth quarter of 2024, Oxford Square Capital Corp. reported a net investment income of approximately $6 million, equating to $0.09 per share, slightly down from the prior quarter's $6.2 million or $0.10 per share. The net asset value per share also saw a decrease, from $2.35 to $2.3. The company distributed $0.105 per share to common stock shareholders and recorded total investment income of $10.2 million compared to $10.3 million in the previous quarter. Additionally, there were combined net unrealized and realized losses on investments of $2.7 million or $0.04 per share, down from $7.1 million or $0.11 per share previously. Investment activities included purchases totaling $25.1 million, sales of $7 million, and repayments of $15 million. An at-the-market offering resulted in net proceeds of $5 million from issuing 1.8 million shares. The Board declared monthly distributions of $0.035 per share for April, May, and June 2025. In the U.S. loan market, primary issuance reached $96.7 billion, marking a 75% increase from the previous year, with loan fund inflows of $5.5 billion for the quarter.Oxford Square Capital Corporate Events
DividendsBusiness Operations and StrategyFinancial Disclosures
Oxford Square Capital Announces Q4 2024 Financial Results
Neutral
Feb 28, 2025
On February 28, 2025, Oxford Square Capital Corp. announced its financial results for the quarter ending December 31, 2024, and declared distributions for April, May, and June 2025. The company reported a slight decrease in net asset value per share from $2.35 to $2.30 and a net investment income of $6.0 million for the quarter. Despite facing net realized losses of $44.8 million, the company saw net unrealized appreciation of $42.1 million. The board declared a distribution of $0.035 per share for each of the upcoming months. The announcement reflects the company’s ongoing strategy to manage its investment portfolio and maintain shareholder distributions.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.