Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s stock price was up 1.8% during mid-day trading on Wednesday . The company traded as high as $4.88 and last traded at $4.90. Approximately 1,654,145 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 4,725,885 shares. The stock had previously closed at $4.81.
Oxford Lane Capital Trading Down 7.3 %
The firm has a 50-day moving average of $4.92 and a 200 day moving average of $5.11. The company has a market cap of $1.50 billion, a P/E ratio of 5.23 and a beta of 1.17.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.39).
Oxford Lane Capital Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 24.88%. The ex-dividend date is Tuesday, September 16th. Oxford Lane Capital's dividend payout ratio (DPR) is currently 127.71%.
Hedge Funds Weigh In On Oxford Lane Capital
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. raised its stake in Oxford Lane Capital by 16.5% during the 3rd quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company's stock worth $143,000 after buying an additional 3,865 shares during the period. Rockefeller Capital Management L.P. bought a new stake in shares of Oxford Lane Capital during the third quarter valued at approximately $777,000. Captrust Financial Advisors increased its holdings in shares of Oxford Lane Capital by 31.1% during the third quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company's stock valued at $71,000 after acquiring an additional 3,229 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Oxford Lane Capital by 75.9% during the third quarter. HighTower Advisors LLC now owns 23,232 shares of the investment management company's stock worth $121,000 after purchasing an additional 10,026 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Oxford Lane Capital in the 3rd quarter worth $88,000. Institutional investors 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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