Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shares fell 0.3% during mid-day trading on Friday . The stock traded as low as $4.34 and last traded at $4.39. 1,541,156 shares were traded during trading, a decline of 69% from the average session volume of 4,996,031 shares. The stock had previously closed at $4.40.
Oxford Lane Capital Trading Up 1.8 %
The firm has a market cap of $1.57 billion, a PE ratio of 5.48 and a beta of 0.84. The stock's 50 day moving average price is $4.81 and its 200 day moving average price is $5.06.
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 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.39).
Oxford Lane Capital Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.08 dividend on an annualized basis and a yield of 23.74%. Oxford Lane Capital's dividend payout ratio (DPR) is 127.71%.
Institutional Investors Weigh In On Oxford Lane Capital
A number of institutional investors have recently made changes to their positions in the company. GPS Wealth Strategies Group LLC raised its holdings in shares of Oxford Lane Capital by 38.8% during the first quarter. GPS Wealth Strategies Group LLC now owns 11,442 shares of the investment management company's stock worth $54,000 after purchasing an additional 3,200 shares during the period. Parisi Gray Wealth Management raised its position in shares of Oxford Lane Capital by 60.0% during the 1st quarter. Parisi Gray Wealth Management now owns 32,000 shares of the investment management company's stock worth $151,000 after purchasing an additional 12,000 shares during the period. Joule Financial LLC lifted its holdings in shares of Oxford Lane Capital by 42.7% in the 1st quarter. Joule Financial LLC now owns 26,794 shares of the investment management company's stock worth $126,000 after purchasing an additional 8,021 shares during the last quarter. Fermata Advisors LLC acquired a new position in Oxford Lane Capital during the 1st quarter valued at approximately $191,000. Finally, Buska Wealth Management LLC acquired a new stake in Oxford Lane Capital in the first quarter worth $462,000. 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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