Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s stock price was up 2.7% on Monday . The stock traded as high as $4.75 and last traded at $4.70. Approximately 3,266,898 shares changed hands during trading, a decline of 30% from the average daily volume of 4,680,858 shares. The stock had previously closed at $4.57.
Oxford Lane Capital Trading Down 0.2 %
The stock has a market capitalization of $1.61 billion, a PE ratio of 5.60 and a beta of 1.17. The stock's fifty day simple moving average is $4.95 and its 200-day simple moving average is $5.13.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.39).
Oxford Lane Capital Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 23.23%. The ex-dividend date is Tuesday, September 16th. Oxford Lane Capital's dividend payout ratio is presently 127.71%.
Institutional Trading of Oxford Lane Capital
Hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC grew its stake in Oxford Lane Capital by 333.5% in the 4th quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company's stock valued at $4,874,000 after purchasing an additional 739,506 shares during the period. TrueMark Investments LLC boosted its holdings in shares of Oxford Lane Capital by 88.5% in the 4th quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company's stock worth $5,060,000 after buying an additional 468,696 shares during the last quarter. Border to Coast Pensions Partnership Ltd grew its position in Oxford Lane Capital by 31.7% during the fourth 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 buying an additional 445,000 shares during the period. Jane Street Group LLC increased its holdings in Oxford Lane Capital by 905.9% during the fourth quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company's stock worth $2,379,000 after buying an additional 422,593 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in Oxford Lane Capital by 42.7% in the fourth quarter. LPL Financial LLC now owns 897,345 shares of the investment management company's stock valued at $4,550,000 after acquiring an additional 268,631 shares during the last quarter. 6.74% of the stock is currently 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.
Further Reading
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