Oxford Lane Capital (NASDAQ:OXLC) Trading 0.8% Higher - What's Next?

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) traded up 0.8% during trading on Thursday . The company traded as high as $4.66 and last traded at $4.65. 1,024,538 shares traded hands during trading, a decline of 78% from the average session volume of 4,692,620 shares. The stock had previously closed at $4.61.

Oxford Lane Capital Stock Performance

The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 5.60 and a beta of 1.17. The company's 50 day simple moving average is $4.95 and its two-hundred day simple moving average is $5.13.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last posted its earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 23.23%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital's dividend payout ratio is currently 127.71%.

Institutional Trading of Oxford Lane Capital

Several hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. acquired a new position in shares of Oxford Lane Capital during the third quarter worth approximately $777,000. Border to Coast Pensions Partnership Ltd increased its holdings in shares of Oxford Lane Capital by 31.7% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company's stock worth $9,373,000 after purchasing an additional 445,000 shares during the period. Realta Investment Advisors raised its position in shares of Oxford Lane Capital by 15.9% during the fourth quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company's stock valued at $5,254,000 after buying an additional 141,536 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in shares of Oxford Lane Capital in the fourth quarter valued at about $290,000. Finally, J.W. Cole Advisors Inc. grew its position in Oxford Lane Capital by 25.3% during the fourth quarter. J.W. Cole Advisors Inc. now owns 286,260 shares of the investment management company's stock worth $1,451,000 after buying an additional 57,865 shares in the last quarter. 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.