Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s share price shot up 1.2% during trading on Tuesday after the company announced a dividend. The stock traded as high as $4.78 and last traded at $4.78. 1,516,576 shares were traded during trading, a decline of 68% from the average session volume of 4,709,968 shares. The stock had previously closed at $4.72.
The newly announced dividend which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 24.91%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital's dividend payout ratio is currently 127.71%.
Oxford Lane Capital Trading Down 7.4 %
The stock has a market cap of $1.50 billion, a P/E ratio of 5.22 and a beta of 1.17. The firm's fifty day moving average is $4.93 and its 200 day moving average is $5.11.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last released 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).
Institutional Trading of Oxford Lane Capital
Hedge funds have recently bought and sold shares of the stock. SWAN Capital LLC bought a new position in Oxford Lane Capital in the fourth quarter worth $30,000. Lewis Asset Management LLC bought a new stake in shares of Oxford Lane Capital in the 4th quarter valued at approximately $51,000. Walkner Condon Financial Advisors LLC acquired a new position in shares of Oxford Lane Capital in the 4th quarter worth approximately $51,000. Choreo LLC bought a new position in shares of Oxford Lane Capital during the fourth quarter valued at $51,000. Finally, Titleist Asset Management LLC acquired a new stake in shares of Oxford Lane Capital during the 4th quarter worth about $51,000. 6.74% of the stock is owned by institutional investors.
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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