Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shares traded up 1.8% during trading on Wednesday . The stock traded as high as $4.88 and last traded at $4.90. 1,654,145 shares were traded during mid-day trading, a decline of 65% from the average session volume of 4,725,885 shares. The stock had previously closed at $4.81.
Oxford Lane Capital Stock Up 0.7 %
The firm's 50-day moving average price is $4.87 and its two-hundred day moving average price is $5.09. The firm has a market capitalization of $1.50 billion, a PE ratio of 5.23 and a beta of 0.84.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last posted 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 company also recently announced 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 annualized dividend and a yield of 24.88%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital's payout ratio is currently 127.71%.
Institutional Trading of Oxford Lane Capital
A number of institutional investors have recently added to or reduced their stakes in OXLC. Rockefeller Capital Management L.P. bought a new position in shares of Oxford Lane Capital in the 3rd quarter valued at approximately $777,000. Captrust Financial Advisors increased its holdings in shares of Oxford Lane Capital by 31.1% during the 3rd quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company's stock worth $71,000 after purchasing an additional 3,229 shares during the period. HighTower Advisors LLC raised its position in shares of Oxford Lane Capital by 75.9% during the third quarter. HighTower Advisors LLC now owns 23,232 shares of the investment management company's stock valued at $121,000 after buying an additional 10,026 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Oxford Lane Capital in the third quarter valued at about $88,000. Finally, Hohimer Wealth Management LLC grew its position in Oxford Lane Capital by 118.1% during the third quarter. Hohimer Wealth Management LLC now owns 72,065 shares of the investment management company's stock worth $378,000 after buying an additional 39,027 shares in the last quarter. 6.74% of the stock is currently owned by institutional investors and hedge funds.
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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