Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s share price traded up 0.1% during trading on Monday after the company announced a dividend. The company traded as high as $4.65 and last traded at $4.66. 2,007,104 shares were traded during trading, a decline of 57% from the average session volume of 4,710,929 shares. The stock had previously closed at $4.65.
The newly announced dividend which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.09 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 22.74%. Oxford Lane Capital's payout ratio is 127.71%.
Oxford Lane Capital Trading Down 3.8 %
The business has a 50 day moving average of $4.94 and a two-hundred day moving average of $5.12. The firm has a market cap of $1.64 billion, a P/E ratio of 5.72 and a beta of 1.17.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last posted its earnings results 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).
Hedge Funds Weigh In On Oxford Lane Capital
A number of large investors have recently made changes to their positions in the company. Merkkuri Wealth Advisors LLC grew its holdings in Oxford Lane Capital by 20.8% in the 4th quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company's stock valued at $62,000 after buying an additional 2,100 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Oxford Lane Capital by 5.5% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,910 shares of the investment management company's stock worth $304,000 after acquiring an additional 3,125 shares during the period. Captrust Financial Advisors raised its stake in Oxford Lane Capital by 31.1% in 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 in the last quarter. D.A. Davidson & CO. boosted its holdings in Oxford Lane Capital by 16.5% in the 3rd quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company's stock valued at $143,000 after purchasing an additional 3,865 shares during the period. Finally, SWAN Capital LLC bought a new stake in shares of Oxford Lane Capital in the fourth quarter valued at approximately $30,000. Institutional investors own 6.74% of the company's stock.
Oxford Lane Capital Company Profile
(
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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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