Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s share price was down 5% on Friday . The company traded as low as $4.32 and last traded at $4.45. Approximately 6,144,166 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 4,834,047 shares. The stock had previously closed at $4.68.
Oxford Lane Capital Trading Up 0.7 %
The firm has a market cap of $1.50 billion, a P/E ratio of 5.23 and a beta of 0.84. The business's fifty day simple moving average is $4.87 and its 200-day simple moving average is $5.09.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last issued 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 Announces Dividend
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 paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.08 annualized dividend and a yield of 24.88%. Oxford Lane Capital's dividend payout ratio is currently 127.71%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of OXLC. Raymond James Financial Inc. purchased a new stake in shares of Oxford Lane Capital in the fourth quarter worth $1,079,000. Rockefeller Capital Management L.P. bought a new position in Oxford Lane Capital in the 3rd quarter worth about $777,000. Border to Coast Pensions Partnership Ltd raised its holdings in shares of Oxford Lane Capital by 31.7% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company's stock valued at $9,373,000 after acquiring an additional 445,000 shares in the last quarter. Realta Investment Advisors boosted its position in shares of 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 acquiring an additional 141,536 shares during the last quarter. Finally, Wedbush Securities Inc. increased its position in shares of Oxford Lane Capital by 10.0% in the fourth 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 during the last quarter. 6.74% of the stock is owned by institutional investors.
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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