Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s share price fell 1.3% during mid-day trading on Monday . The company traded as low as $3.91 and last traded at $4.29. 8,570,167 shares were traded during trading, an increase of 75% from the average session volume of 4,900,942 shares. The stock had previously closed at $4.34.
Oxford Lane Capital Stock Up 1.5 %
The business's fifty day moving average is $4.84 and its 200-day moving average is $5.08. The company has a market cap of $1.54 billion, a PE ratio of 5.34 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 for the quarter, missing the consensus estimate of $0.67 by ($0.39).
Oxford Lane Capital Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 24.19%. The ex-dividend date is Tuesday, September 16th. Oxford Lane Capital's payout ratio is 127.71%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its holdings 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 purchasing an additional 3,229 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Oxford Lane Capital by 75.9% during 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 period. Kovitz Investment Group Partners LLC purchased a new position in shares of Oxford Lane Capital during the 3rd quarter valued at $88,000. McIlrath & Eck LLC bought a new position in Oxford Lane Capital in the 3rd quarter worth $55,000. Finally, Virtu Financial LLC purchased a new stake in Oxford Lane Capital in the 3rd quarter worth $157,000. 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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