Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shares shot up 2.7% during trading on Wednesday . The stock traded as high as $4.55 and last traded at $4.50. 1,388,554 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 5,071,527 shares. The stock had previously closed at $4.38.
Oxford Lane Capital Stock Performance
The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 5.37 and a beta of 0.84. The business has a 50-day simple moving average of $4.72 and a two-hundred day simple moving average of $5.03.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.39).
Oxford Lane Capital Dividend Announcement
The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a dividend yield of 24.43%. Oxford Lane Capital's payout ratio is presently 128.92%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC lifted its stake in Oxford Lane Capital by 75.9% in the 3rd quarter. HighTower Advisors LLC now owns 23,232 shares of the investment management company's stock valued at $121,000 after purchasing an additional 10,026 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in Oxford Lane Capital in the third quarter worth $55,000. Virtu Financial LLC acquired a new stake in shares of Oxford Lane Capital in the 3rd quarter valued at about $157,000. Silverleafe Capital Partners LLC grew its position in Oxford Lane Capital by 28.7% in the 4th quarter. Silverleafe Capital Partners LLC now owns 39,513 shares of the investment management company's stock worth $200,000 after purchasing an additional 8,820 shares in the last quarter. Finally, Parisi Gray Wealth Management bought a new position in shares of Oxford Lane Capital during the 4th quarter worth approximately $101,000. 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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