Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) was down 1.3% during trading on Monday . The stock traded as low as $3.91 and last traded at $4.29. Approximately 8,570,167 shares changed hands during mid-day trading, an increase of 75% from the average daily volume of 4,900,942 shares. The stock had previously closed at $4.34.
Oxford Lane Capital Stock Up 0.7 %
The business's fifty day moving average is $4.83 and its two-hundred day moving average is $5.07. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 5.34 and a beta of 0.84.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last issued its quarterly 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 business also recently announced 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. 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 payout ratio is 127.71%.
Institutional Investors Weigh In On Oxford Lane Capital
A number of hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Oxford Lane Capital during the fourth quarter worth approximately $1,079,000. Wedbush Securities Inc. grew its holdings in Oxford Lane Capital by 10.0% during the 4th quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company's stock worth $6,043,000 after acquiring an additional 107,951 shares in the last quarter. Border to Coast Pensions Partnership Ltd grew its holdings in Oxford Lane Capital by 31.7% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company's stock worth $9,373,000 after acquiring an additional 445,000 shares in the last quarter. Realta Investment Advisors increased its position in shares of Oxford Lane Capital by 15.9% in the 4th quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company's stock valued at $5,254,000 after purchasing an additional 141,536 shares during the last quarter. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Oxford Lane Capital in the 4th quarter valued at $290,000. 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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