Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shot up 3% during mid-day trading on Tuesday . The company traded as high as $4.56 and last traded at $4.44. 3,501,171 shares were traded during trading, a decline of 29% from the average session volume of 4,912,864 shares. The stock had previously closed at $4.31.
Oxford Lane Capital Stock Up 0.7 %
The company has a market capitalization of $1.53 billion, a PE ratio of 5.34 and a beta of 0.84. The firm's 50 day simple moving average is $4.83 and its 200 day simple moving average is $5.07.
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 announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 24.38%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital's dividend payout ratio (DPR) is presently 127.71%.
Institutional Trading of Oxford Lane Capital
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Joule Financial LLC increased its position in Oxford Lane Capital by 42.7% during the 1st quarter. Joule Financial LLC now owns 26,794 shares of the investment management company's stock valued at $126,000 after buying an additional 8,021 shares in the last quarter. Fermata Advisors LLC purchased a new stake in Oxford Lane Capital during the first quarter worth $191,000. Buska Wealth Management LLC purchased a new stake in shares of Oxford Lane Capital during the 1st quarter worth about $462,000. Capital CS Group LLC boosted its position in Oxford Lane Capital by 39.3% during the first quarter. Capital CS Group LLC now owns 42,802 shares of the investment management company's stock worth $202,000 after purchasing an additional 12,072 shares in the last quarter. Finally, Sage Capital Advisors llc grew its holdings in Oxford Lane Capital by 7.4% in the first quarter. Sage Capital Advisors llc now owns 68,663 shares of the investment management company's stock valued at $324,000 after purchasing an additional 4,750 shares during the period. Institutional investors own 6.74% of the company's stock.
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.
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