Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shares traded down 0.8% during mid-day trading on Wednesday . The company traded as low as $4.61 and last traded at $4.63. 1,081,717 shares changed hands during trading, a decline of 77% from the average session volume of 4,683,995 shares. The stock had previously closed at $4.66.
Oxford Lane Capital Stock Performance
The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 5.60 and a beta of 1.17. The company has a 50-day moving average price of $4.95 and a 200-day moving average price of $5.13.
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 the consensus estimate of $0.67 by ($0.39).
Oxford Lane Capital Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 23.23%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital's payout ratio is presently 127.71%.
Institutional Investors Weigh In On Oxford Lane Capital
Several large investors have recently modified their holdings of the business. SWAN Capital LLC acquired a new position in shares of Oxford Lane Capital in the 4th quarter valued at approximately $30,000. Waverly Advisors LLC bought a new position in Oxford Lane Capital in the fourth quarter valued at approximately $75,000. CoreCap Advisors LLC boosted its holdings in shares of Oxford Lane Capital by 91.3% in the fourth quarter. CoreCap Advisors LLC now owns 46,272 shares of the investment management company's stock valued at $235,000 after buying an additional 22,090 shares during the period. Captrust Financial Advisors increased its position in shares of Oxford Lane Capital by 62.0% during the fourth quarter. Captrust Financial Advisors now owns 22,074 shares of the investment management company's stock worth $112,000 after acquiring an additional 8,446 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings 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 worth $4,874,000 after acquiring an additional 739,506 shares during the period. 6.74% of the stock is currently owned by institutional investors.
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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