Oxford Square Capital Corp. ( OXSQ ) Q3 2025 Earnings Call November 4, 2025 9:00 AM EST Company Participants Jonathan Cohen - CEO & Interested Director Bruce Rubin - CFO, Chief Accounting Officer, Treasurer & Secretary Kevin P. Yonon - MD & Portfolio Manager of Oxford Square Management Joseph Kupka - Managing Director Conference Call Participants Erik Zwick - Lucid Capital Markets, LLC, Researc...
BDCs have already experienced a notable correction. The sector median P/NAV metric indicates ~12% discount to NAV. Many players are priced even below that.
While most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the most significant public companies, especially the technology giants, trade at prices up to $1,000 per share, while many are in the low to mid-hundreds. It is hard to get decent share count leverage at those...
We tracked seven new preferred stock and baby bond offerings this month, with yields ranging from 6.5% to 8.875%. High-quality preferreds (Compliance Score 10) are trading at a 3.2% discount to par, offering an average yield of 6.6%. Buying new issues on the OTC at or below $25 allows individual investors to access wholesale pricing and minimize capital loss risk.
We take a look at the action in preferreds and baby bonds through the fourth week of August and highlight some of the key themes we are watching. Preferreds credit spreads are near 5-year lows with yields on a downward trajectory as well. American Equity Life's ANG.PR.B preferred is likely to be redeemed soon, offering limited downside and extra accrued interest for holders.
OXSQH offers a compelling 7.75% nominal yield, with both YTM and YTC among the highest in the BDC baby bond sector. Despite a drop in the asset coverage ratio, our Moody's-based credit assessment still places OXSQ as an issuer, at investment-grade comparable quality (Baa2). The company has a 20-year history of consistent dividends, and current interest payments, including OXSQH's, are well-cove...
GREENWICH, Conn., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQZ) (NasdaqGS: OXSQG) (the “Company,” “we,” “us” or “our”) announced today its financial results and related information for the quarter ended June 30, 2025.
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