Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shares saw strong trading volume on Tuesday . 1,736,289 shares traded hands during mid-day trading, a decline of 49% from the previous session's volume of 3,393,655 shares.The stock last traded at $5.13 and had previously closed at $5.15.
Oxford Lane Capital Price Performance
The business's 50 day simple moving average is $5.26 and its 200-day simple moving average is $5.36. The stock has a market capitalization of $1.76 billion, a P/E ratio of 3.64 and a beta of 1.15.
Oxford Lane Capital Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 21.18%. Oxford Lane Capital's dividend payout ratio (DPR) is presently 72.86%.
Hedge Funds Weigh In On Oxford Lane Capital
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OXLC. Cubist Systematic Strategies LLC bought a new position in Oxford Lane Capital during the second quarter worth about $1,708,000. Rockefeller Capital Management L.P. acquired a new position in shares of Oxford Lane Capital in the 3rd quarter valued at approximately $777,000. Wedbush Securities Inc. increased its stake in Oxford Lane Capital by 36.4% during the 2nd quarter. Wedbush Securities Inc. now owns 1,016,222 shares of the investment management company's stock worth $5,508,000 after purchasing an additional 271,369 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Oxford Lane Capital by 198.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company's stock worth $2,680,000 after buying an additional 328,553 shares during the period. Finally, Border to Coast Pensions Partnership Ltd bought a new position in Oxford Lane Capital in the third quarter valued at approximately $7,341,000. Institutional investors own 6.74% of the company's stock.
Oxford Lane Capital Company Profile
(
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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