Oxford Lane Capital (NASDAQ:OXLC) Shares Down 1% - What's Next?

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) traded down 1% on Wednesday . The company traded as low as $4.23 and last traded at $4.30. 2,498,694 shares were traded during trading, a decline of 49% from the average session volume of 4,932,923 shares. The stock had previously closed at $4.34.

Oxford Lane Capital Trading Up 0.7 %

The company has a market capitalization of $1.53 billion, a P/E ratio of 5.34 and a beta of 0.84. The stock has a 50 day moving average of $4.83 and a 200-day moving average of $5.07.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last announced 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 firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 24.38%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital's dividend payout ratio (DPR) is 127.71%.

Institutional Trading of Oxford Lane Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in OXLC. Merkkuri Wealth Advisors LLC grew its holdings in Oxford Lane Capital by 20.8% during the 4th quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company's stock valued at $62,000 after buying an additional 2,100 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Oxford Lane Capital by 5.5% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,910 shares of the investment management company's stock worth $304,000 after acquiring an additional 3,125 shares during the last quarter. Captrust Financial Advisors grew its stake in 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. Sage Capital Advisors llc grew its stake in Oxford Lane Capital by 7.4% during the first quarter. Sage Capital Advisors llc now owns 68,663 shares of the investment management company's stock valued at $324,000 after acquiring an additional 4,750 shares in the last quarter. Finally, SWAN Capital LLC bought a new stake in Oxford Lane Capital in the 4th quarter valued at $30,000. Institutional investors own 6.74% of the company's stock.

Oxford Lane Capital Company Profile

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.