In a challenging market environment, Oxford Square (NYSE:SQ) Capital Corp. (NASDAQ:OXSQ) stock has recorded a new 52-week low, dipping to $2.44. With a market capitalization of $167 million and a notable dividend yield of 17%, this latest price level reflects a significant downturn from previous periods, as the company grapples with the broader economic pressures that have weighed on the investment sector. The company's revenue has declined nearly 13% over the last twelve months. Over the past year, the stock has seen a notable decline, with TICC Capital Corp , the predecessor to Oxford Square Capital, experiencing a 1-year change of -14.16%. InvestingPro analysis indicates the stock is currently in oversold territory, with additional insights showing the company has maintained dividend payments for 21 consecutive years. This downturn highlights the volatility and the tough conditions that have been prevalent in the financial markets, affecting both individual stocks and the industry at large. Discover more exclusive insights and 6 additional ProTips with InvestingPro.
In other recent news, Oxford Square Capital Corp. reported a decrease in net investment income and net asset value per share for the third quarter of 2024. The company's net investment income was $6.2 million, or $0.10 per share, a decrease from the previous quarter's $7.7 million, or $0.13 per share. The net asset value per share was reported at $2.35, down from $2.43 in the prior quarter.
Total (EPA:TTEF) investment income for the quarter also saw a decline, dropping to approximately $10.3 million from the previous quarter's $11.4 million. The company experienced combined net unrealized and realized losses on investments of approximately $7.1 million, or $0.11 per share.
In terms of recent developments, Oxford Square Capital issued approximately 5.1 million shares of common stock, generating net proceeds of roughly $14.5 million. The company's Board of Directors declared monthly distributions of $0.035 per share for the first quarter of 2025. Despite the lower figures, the U.S. loan market showed slight improvements, with loan prices increasing modestly from the previous quarter.
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