share_log

Earnings Call Summary | Oxford Square Capital Corp(OXSQ.US) Q1 2024 Earnings Conference

moomoo AI ·  May 2 19:32  · Conference Call

The following is a summary of the Oxford Square Capital Corp (OXSQ) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Oxford Square reported a Q1 2024 net investment income of approximately $6.5 million or $0.11/share, witnessing a decrease from $7.8 million or $0.13/share from the previous quarter.

  • There was a decline in net asset value per share, dropping to $2.42 from $2.55 in the prior quarter.

  • Total investment income also decreased to $10.7 million from roughly $12.2 million from the last quarter.

Business Progress:

  • Oxford Square implemented its business strategy this quarter purchasing around $12.1 million in investments and sold approximately $1.4 million worth of investments while repaying about $17.9 million.

  • The company was able to observe an improved performance in the U.S. loan market with a decrease in BB-rated loan prices and an increase in B-rated and CCC-rated loan prices.

  • The company aims to continue focusing on portfolio management strategies for maximizing long-term total returns.

More details: Oxford Square Capital Corp IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment