Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s share price reached a new 52-week low on Tuesday . The company traded as low as $4.67 and last traded at $4.77, with a volume of 13896819 shares. The stock had previously closed at $5.00.
Oxford Lane Capital Trading Down 0.6 %
The firm has a 50-day simple moving average of $5.06 and a 200-day simple moving average of $5.18. The firm has a market cap of $1.62 billion, a P/E ratio of 5.63 and a beta of 1.17.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last announced its earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share 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. Stockholders 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 annualized dividend and a dividend yield of 23.13%. Oxford Lane Capital's payout ratio is currently 126.51%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in OXLC. SWAN Capital LLC acquired a new position in shares of Oxford Lane Capital in the 4th quarter valued at about $30,000. Lewis Asset Management LLC purchased a new stake in Oxford Lane Capital in the 4th quarter worth approximately $51,000. Titleist Asset Management LLC acquired a new stake in shares of Oxford Lane Capital during the 4th quarter worth approximately $51,000. Choreo LLC purchased a new position in shares of Oxford Lane Capital during the 4th quarter valued at approximately $51,000. Finally, Walkner Condon Financial Advisors LLC purchased a new stake in Oxford Lane Capital during the fourth quarter worth $51,000. Hedge funds and other institutional investors own 6.74% of the company's stock.
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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