Top Buys by Top Brass: Chief Executive Officer Cohen's $194.4K Bet on OXSQ

By Dividend Channel Staff, Wednesday, January 5, 10:07 AM ET

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Top Buys By Top Brass: Insiders Place Big Bets »

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $194.4K invested across 3 purchases by Jonathan H. Cohen, Chief Executive Officer at Oxford Square Capital Corp (NASDAQ:OXSQ).

Cohen bets big on OXSQ:

Purchased	Insider	Title	Shares	Price/Share	Value
09/23/2021	Jonathan H. Cohen	Chief Executive Officer	13,200	$4.09	$53,951.97
12/22/2021	Jonathan H. Cohen	Chief Executive Officer	18,172	$3.91	$71,116.51
12/20/2021	Jonathan H. Cohen	Chief Executive Officer	17,995	$3.85	$69,311.60

Cohen's average cost works out to $3.94/share. Shares of Oxford Square Capital Corp were changing hands at $4.21 at last check, trading up about 0.1% on Wednesday. The chart below shows the one year performance of OXSQ shares, versus its 200 day moving average:

Oxford Square Capital Corp Chart

Looking at the chart above, OXSQ's low point in its 52 week range is $3.275 per share, with $5.22 as the 52 week high point — that compares with a last trade of $4.21.

The current annualized dividend paid by Oxford Square Capital Corp is $0.42/share, currently paid in monthly installments, and its most recent dividend has an upcoming ex-date of 01/14/2022. Below is a long-term dividend history chart for OXSQ, which can be of good help in judging whether the most recent dividend with approx. 10.0% annualized yield is likely to continue.

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