Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) traded up 1.5% during mid-day trading on Thursday . The stock traded as high as $4.57 and last traded at $4.55. 1,505,270 shares traded hands during trading, a decline of 70% from the average session volume of 5,078,130 shares. The stock had previously closed at $4.48.
Oxford Lane Capital Stock Up 0.7 %
The business's 50 day moving average is $4.69 and its 200 day moving average is $5.01. The company has a market cap of $1.58 billion, a P/E ratio of 5.51 and a beta of 0.84.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last released 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 Dividend Announcement
The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, April 16th. This represents a yield of 24.43%. Oxford Lane Capital's dividend payout ratio is presently 128.92%.
Institutional Trading of Oxford Lane Capital
A number of institutional investors have recently modified their holdings of OXLC. Citadel Advisors LLC lifted its position in 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 valued at $4,874,000 after acquiring an additional 739,506 shares during the last quarter. TrueMark Investments LLC increased its position 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 worth $5,060,000 after purchasing an additional 468,696 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its holdings in shares of 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 valued at $9,373,000 after purchasing an additional 445,000 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Oxford Lane Capital by 905.9% during the 4th quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company's stock valued at $2,379,000 after purchasing an additional 422,593 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of Oxford Lane Capital by 42.7% in the 4th quarter. LPL Financial LLC now owns 897,345 shares of the investment management company's stock worth $4,550,000 after purchasing an additional 268,631 shares in the last quarter. 6.74% of the stock is currently owned by institutional investors.
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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