Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shares dropped 0.3% on Friday . The stock traded as low as $4.62 and last traded at $4.65. Approximately 1,328,515 shares traded hands during trading, a decline of 72% from the average daily volume of 4,697,600 shares. The stock had previously closed at $4.66.
Oxford Lane Capital Price Performance
The stock has a market cap of $1.63 billion, a P/E ratio of 5.69 and a beta of 1.17. The stock's fifty day simple moving average is $4.95 and its 200-day simple moving average is $5.12.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.39).
Oxford Lane Capital Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 22.88%. Oxford Lane Capital's dividend payout ratio (DPR) is presently 127.71%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of OXLC. SWAN Capital LLC acquired a new position in shares of Oxford Lane Capital during the fourth quarter worth approximately $30,000. Lewis Asset Management LLC acquired a new position in Oxford Lane Capital during the 4th quarter worth $51,000. Walkner Condon Financial Advisors LLC bought a new position in shares of Oxford Lane Capital in the fourth quarter worth $51,000. Choreo LLC acquired a new position in shares of Oxford Lane Capital during the fourth quarter valued at $51,000. Finally, Titleist Asset Management LLC bought a new stake in shares of Oxford Lane Capital during the fourth quarter valued at about $51,000. 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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