Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.67 and last traded at $4.77, with a volume of 13896819 shares changing hands. The stock had previously closed at $5.00.
Oxford Lane Capital Stock Up 0.2 %
The firm has a market cap of $1.66 billion, a PE ratio of 5.77 and a beta of 1.17. The firm's 50 day moving average is $5.06 and its 200-day moving average is $5.18.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.39).
Oxford Lane Capital Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.08 dividend on an annualized basis and a yield of 22.55%. Oxford Lane Capital's dividend payout ratio (DPR) is 126.51%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in OXLC. SWAN Capital LLC bought a new stake in shares of Oxford Lane Capital during the 4th quarter valued at about $30,000. Waverly Advisors LLC bought a new stake in shares of Oxford Lane Capital during the 4th quarter valued at about $75,000. CoreCap Advisors LLC grew its position in shares of Oxford Lane Capital by 91.3% during the 4th quarter. CoreCap Advisors LLC now owns 46,272 shares of the investment management company's stock valued at $235,000 after buying an additional 22,090 shares during the last quarter. Captrust Financial Advisors boosted its stake in Oxford Lane Capital by 62.0% during the 4th quarter. Captrust Financial Advisors now owns 22,074 shares of the investment management company's stock valued at $112,000 after purchasing an additional 8,446 shares during the period. Finally, Citadel Advisors LLC boosted its stake in Oxford Lane Capital by 333.5% during the 4th quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company's stock valued at $4,874,000 after purchasing an additional 739,506 shares during the period. 6.74% of the stock is currently owned by institutional investors.
About Oxford Lane Capital
(
Get Free Report)
Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.
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