Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $4.66 and last traded at $4.68, with a volume of 7892550 shares. The stock had previously closed at $4.70.
Oxford Lane Capital Stock Performance
The company's fifty day simple moving average is $5.00 and its 200-day simple moving average is $5.15. The company has a market capitalization of $1.58 billion, a P/E ratio of 5.51 and a beta of 1.17.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last issued its earnings results 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 firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital's payout ratio is 127.71%.
Institutional Trading of Oxford Lane Capital
Several hedge funds have recently modified their holdings of the company. Border to Coast Pensions Partnership Ltd lifted its position in shares of Oxford Lane Capital by 31.7% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company's stock valued at $9,373,000 after buying an additional 445,000 shares during the last quarter. Wedbush Securities Inc. lifted its position in shares of Oxford Lane Capital by 10.0% during the fourth quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company's stock valued at $6,043,000 after buying an additional 107,951 shares during the last quarter. Realta Investment Advisors lifted its position in shares of Oxford Lane Capital by 15.9% during the fourth quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company's stock valued at $5,254,000 after buying an additional 141,536 shares during the last quarter. TrueMark Investments LLC lifted its position in shares of Oxford Lane Capital by 88.5% during the fourth quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company's stock valued at $5,060,000 after buying an additional 468,696 shares during the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Oxford Lane Capital by 333.5% during the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company's stock valued at $4,874,000 after buying an additional 739,506 shares during the last quarter. 6.74% of the stock is owned by hedge funds and other 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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