Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) fell 0.1% during mid-day trading on Friday . The stock traded as low as $4.51 and last traded at $4.54. 1,010,256 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 7,016,190 shares. The stock had previously closed at $4.54.
Oxford Lane Capital Trading Up 0.7 %
The firm's fifty day moving average price is $4.69 and its 200-day moving average price 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 issued its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.39).
Oxford Lane Capital Announces Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be issued a $0.09 dividend. This represents a yield of 24.43%. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital's dividend payout ratio (DPR) is presently 128.92%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OXLC. Border to Coast Pensions Partnership Ltd boosted its stake in Oxford Lane Capital by 18.9% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 2,200,000 shares of the investment management company's stock valued at $10,384,000 after buying an additional 350,000 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of 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 purchasing an additional 107,951 shares in the last quarter. Realta Investment Advisors lifted its holdings in Oxford Lane Capital by 15.9% during 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. TrueMark Investments LLC grew its stake in 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 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% during 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 in the last quarter. Institutional investors own 6.74% of the company's stock.
Oxford Lane Capital Company Profile
(
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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