Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $3.91 and last traded at $3.97, with a volume of 4384432 shares. The stock had previously closed at $4.34.
Oxford Lane Capital Stock Performance
The firm has a market capitalization of $1.53 billion, a P/E ratio of 5.34 and a beta of 0.84. The stock's 50 day simple moving average is $4.84 and its 200 day simple moving average is $5.08.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last issued its earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.39).
Oxford Lane Capital Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.08 annualized dividend and a yield of 24.38%. Oxford Lane Capital's dividend payout ratio (DPR) is presently 127.71%.
Institutional Investors Weigh In On Oxford Lane Capital
Several hedge funds and other institutional investors have recently made changes to their positions in OXLC. SWAN Capital LLC purchased a new stake in Oxford Lane Capital in the 4th quarter valued at approximately $30,000. Lewis Asset Management LLC acquired a new position in shares of Oxford Lane Capital during the 4th quarter valued at about $51,000. Titleist Asset Management LLC acquired a new position in Oxford Lane Capital during the fourth quarter worth approximately $51,000. Choreo LLC purchased a new position in shares of Oxford Lane Capital in the 4th quarter valued at $51,000. Finally, Walkner Condon Financial Advisors LLC acquired a new stake in Oxford Lane Capital in the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds 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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