In a challenging market environment, Oxford Square (NYSE:SQ) Capital Corp. (NASDAQ:OXSQ) stock has reached a 52-week low, dipping to $2.62. With a market capitalization of $179.24 million, the company stands out for its impressive 16.12% dividend yield and a 21-year track record of consistent dividend payments, according to InvestingPro data. The investment company, which specializes in providing capital to middle-market companies, has faced headwinds that have pressured its stock price over the past year, culminating in this recent low point. While maintaining a healthy current ratio of 1.62, the company has shown mixed performance with a 4.78% total return over the past year. This downturn mirrors broader market trends and investor sentiment, as the company navigates through economic uncertainties and adjusts its strategies to align with the evolving financial landscape. Discover more insights and detailed analysis in the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Oxford Square Capital Corp. has reported its third-quarter 2024 earnings, revealing a decline in net investment income and net asset value per share compared to the previous quarter. Net investment income came in at $6.2 million, or $0.10 per share, down from $7.7 million, or $0.13 per share in the prior quarter. The company's net asset value per share decreased slightly to $2.35 from the previous quarter's $2.43.
Total (EPA:TTEF) investment income for the quarter was approximately $10.3 million, a drop from $11.4 million in the second quarter. In addition, Oxford Square experienced combined net unrealized and realized losses on investments of approximately $7.1 million, or $0.11 per share. Despite these challenges, the company's investment activity remained robust, with purchases of $47.7 million and repayments of $27.9 million.
In other developments, Oxford Square issued approximately 5.1 million shares of common stock, generating net proceeds of about $14.5 million. The company's Board of Directors declared monthly distributions of $0.035 per share for the first quarter of 2025. These are among the recent developments for Oxford Square Capital Corp.
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