Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) rose 0.8% on Thursday . The company traded as high as $4.35 and last traded at $4.34. Approximately 3,163,534 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 4,623,754 shares. The stock had previously closed at $4.30.
Oxford Lane Capital Price Performance
The firm has a market cap of $1.61 billion, a PE ratio of 5.61 and a beta of 1.17. The stock's fifty day moving average price is $5.00 and its 200-day moving average price is $5.15.
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 (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.39).
Oxford Lane Capital Announces Dividend
The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, April 16th. Oxford Lane Capital's dividend payout ratio is presently 127.71%.
Hedge Funds Weigh In On Oxford Lane Capital
A number of institutional investors and hedge funds have recently added to or reduced their stakes in OXLC. SWAN Capital LLC purchased a new position in shares of Oxford Lane Capital during the 4th quarter worth $30,000. Lewis Asset Management LLC purchased a new position in Oxford Lane Capital during the fourth quarter worth about $51,000. Walkner Condon Financial Advisors LLC acquired a new position in Oxford Lane Capital in the 4th quarter valued at about $51,000. Choreo LLC purchased a new stake in shares of Oxford Lane Capital in the 4th quarter valued at approximately $51,000. Finally, Titleist Asset Management LLC acquired a new stake in shares of Oxford Lane Capital during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 6.74% of the company's stock.
About Oxford Lane Capital
(
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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