Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s share price shot up 2.7% on Monday . The stock traded as high as $4.75 and last traded at $4.70. 3,266,898 shares were traded during mid-day trading, a decline of 30% from the average session volume of 4,680,858 shares. The stock had previously closed at $4.57.
Oxford Lane Capital Stock Up 1.1 %
The company has a 50 day moving average of $4.97 and a two-hundred day moving average of $5.14. The firm has a market cap of $1.61 billion, a P/E ratio of 5.61 and a beta of 1.17.
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 business also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders 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 currently 127.71%.
Institutional Investors Weigh In On Oxford Lane Capital
Several large investors have recently modified their holdings of the stock. Merkkuri Wealth Advisors LLC raised its position in shares of Oxford Lane Capital by 20.8% during the fourth quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company's stock worth $62,000 after purchasing an additional 2,100 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Oxford Lane Capital by 5.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,910 shares of the investment management company's stock worth $304,000 after buying an additional 3,125 shares during the period. Captrust Financial Advisors lifted its stake in Oxford Lane Capital by 31.1% during the third quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company's stock valued at $71,000 after buying an additional 3,229 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Oxford Lane Capital by 16.5% in the third quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company's stock worth $143,000 after buying an additional 3,865 shares during the period. Finally, SWAN Capital LLC acquired a new stake in shares of Oxford Lane Capital during the fourth quarter valued at approximately $30,000. 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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