Oxford Lane Capital (NASDAQ:OXLC) Trading 1.4% Higher - Here's Why

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) traded up 1.4% during mid-day trading on Tuesday . The stock traded as high as $4.66 and last traded at $4.67. 929,886 shares were traded during mid-day trading, a decline of 87% from the average session volume of 7,074,347 shares. The stock had previously closed at $4.60.

Oxford Lane Capital Trading Down 0.5 %

The company's fifty day simple moving average is $4.96 and its 200 day simple moving average is $5.13. The stock has a market capitalization of $1.60 billion, a P/E ratio of 5.58 and a beta of 1.17.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last posted 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 Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, April 16th. Oxford Lane Capital's dividend payout ratio is presently 127.71%.

Hedge Funds Weigh In On Oxford Lane Capital

A number of hedge funds and other institutional investors have recently modified their holdings of OXLC. Border to Coast Pensions Partnership Ltd lifted its holdings in shares of Oxford Lane Capital by 31.7% in 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 during the last quarter. Wedbush Securities Inc. lifted its stake in Oxford Lane Capital by 10.0% in the fourth quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company's stock worth $6,043,000 after purchasing an additional 107,951 shares during the last quarter. Realta Investment Advisors boosted its position in Oxford Lane Capital by 15.9% during the fourth quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company's stock valued at $5,254,000 after buying an additional 141,536 shares during the period. TrueMark Investments LLC grew its stake in shares of Oxford Lane Capital by 88.5% during the fourth quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company's stock valued at $5,060,000 after buying an additional 468,696 shares during the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of Oxford Lane Capital by 333.5% in the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company's stock worth $4,874,000 after buying an additional 739,506 shares during the period. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

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Oxford Lane Capital Company Profile

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.