Oxford Square Capital Corp. (OXSQ) Stock

Oxford Square Capital Corp. (OXSQ) is a Financial Services stock trading at $1.45 (as of 2026-07-24), with a market capitalization of $135.15M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Oxford Square Capital Corp. is a business development company, operates as a closed-end, non-diversified management investment company. It is a private equity and mezzanine firm. The firm invests in both public and private companies. It invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, common stock and syndicated bank loans. The firm primarily invests in debt and/or equity securities of technology-related companies that operate in the computer software, Internet, information technology infrastructure and services, media, telecommunications and telecommunications equipment, semiconductors, hardware, technology-enabled services, semiconductor capital equipment, medical device technology, diversified technology, and networking systems sectors. It concentrates its investments in companies having annual revenues of less than $200 million and a market capitalization or enterprise value of less than $300 million. The firm invests between $5 million and $30 million per transaction. It seeks to exit its investments within 7 years. It serves as the investment adviser to TICC. Oxford Square Capital Corp., formerly known as TICC Capital Corp., was founded in 2003 and is headquartered in Greenwich, Connecticut.

Understand Oxford Square Capital Corp.: how it makes money

Oxford Square Capital Corp. is a business development company that invests in technology-related companies using a mix of debt and equity securities, and it makes money through income tied to yields on its debt and CLO-related investments and through proceeds from sales and repayments as investments turn over.

The profit model is structurally tied to the yields on its debt and CLO equity investments, with results also influenced by how much the portfolio is bought, sold, and repaid (portfolio turnover plus sales and repayments).

Business quality (Weak): A yield-and-credit driven debt and mezzanine investor, where the key debate is how stable the leveraged loan market is and how resilient the portfolio is if credit conditions worsen.

Valuation: At 5× earnings, OXSQ trades 51% below the Asset Management average (10×). Note: one-time items can distort reported P/E.

Bull case

  • High current yield on debt investments provides a direct income engine, per the company-reported "Weighted Average Yield of Debt Investments at Current Cost": Weighted Average Yield of Debt Investments at Current Cost was 14.7 percent.
  • Favorable market pricing and active loan issuance can support deployment and portfolio management: Morningstar Leverage Loan Index Price as Percentage of Par was 96.64 percent, and "U.S. Leveraged Loan Primary Market Issuance" was reported at 70.7 USD_B.

Bear case

  • Credit stress matters because a measurable portion of the loan market can trade below distressed thresholds: Distress Ratio (Loans Below 80% of Par) was 4.34 percent.
  • Investment results depend on buying, selling, and repayment dynamics, which can change with market conditions: The company reported "U.S. Loan Fund Outflows" of 3.2 USD_B and purchases and sales activity measured by "Investment Purchase Amount" (0.02 USD_B) and "Investment Sales" (0.01 USD_B).
Valuation — source: SEC EDGAR (first-party)
Price$1.45
Market Cap$135.15M
Price / Book1.10
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$26.44M
Net Margin22.2%
Revenue Growth (YoY)-3.4%
EPS Growth (YoY)-17.6%
Valuation vs Sector & Industry
Sector P/E (Financial Services)8.9
Industry P/E (Asset Management)8.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderLegal & General Group Plc ($1.04M)
Institutional Holders Tracked10
Company
SectorFinancial Services
IndustryAsset Management
CEOJonathan H. Cohen
Employees0
CountryUS
IPO Date2003-11-24

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OXSQ earnings history · OXSQ institutional & insider holders · OXSQ KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.