Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) announced its quarterly earnings results on Monday. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.39), Zacks reports.
Oxford Lane Capital Price Performance
Shares of OXLC traded down $0.01 during trading hours on Monday, hitting $5.11. The stock had a trading volume of 3,944,914 shares, compared to its average volume of 4,663,914. The firm has a market capitalization of $1.77 billion, a PE ratio of 3.65 and a beta of 1.15. Oxford Lane Capital has a 12 month low of $4.95 and a 12 month high of $5.78. The stock has a fifty day moving average price of $5.16 and a 200 day moving average price of $5.28.
Oxford Lane Capital Dividend Announcement
The company also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 20th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a dividend yield of 21.26%. Oxford Lane Capital's payout ratio is 74.29%.
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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