Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) dropped 5.3% on Thursday . The stock traded as low as $4.62 and last traded at $4.68. 5,023,677 shares traded hands during trading, an increase of 4% from the average session volume of 4,808,119 shares. The stock had previously closed at $4.94.
Oxford Lane Capital Trading Down 0.7 %
The company has a market cap of $1.49 billion, a P/E ratio of 5.19 and a beta of 0.84. The company's 50-day moving average price is $4.92 and its two-hundred day moving average price is $5.10.
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 for the quarter, missing the consensus estimate 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. Shareholders of record on Tuesday, September 16th will be issued a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 25.06%. The ex-dividend date is Tuesday, September 16th. Oxford Lane Capital's dividend payout ratio is presently 127.71%.
Institutional Investors Weigh In On Oxford Lane Capital
Institutional investors have recently modified their holdings of the business. SWAN Capital LLC bought a new stake in shares of Oxford Lane Capital in the 4th quarter worth approximately $30,000. Lewis Asset Management LLC acquired a new position in shares of Oxford Lane Capital during the fourth quarter valued at $51,000. Walkner Condon Financial Advisors LLC acquired a new position in shares of Oxford Lane Capital during the fourth quarter valued at $51,000. Choreo LLC bought a new position in shares of Oxford Lane Capital during the fourth quarter worth about $51,000. Finally, Titleist Asset Management LLC acquired a new stake in shares of Oxford Lane Capital in the 4th quarter worth 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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