Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) were down 0% on Wednesday . The company traded as low as $4.40 and last traded at $4.46. Approximately 1,474,622 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 5,021,517 shares. The stock had previously closed at $4.46.
Oxford Lane Capital Trading Down 0.9 %
The company has a fifty day moving average of $4.76 and a two-hundred day moving average of $5.04. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 5.28 and a beta of 0.84.
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 (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.39).
Oxford Lane Capital Dividend Announcement
The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, April 16th. This represents a dividend yield of 24.43%. Oxford Lane Capital's payout ratio is presently 127.71%.
Institutional Trading of Oxford Lane Capital
Several hedge funds have recently added to or reduced their stakes in the business. SWAN Capital LLC bought a new position in shares of Oxford Lane Capital during the 4th quarter worth about $30,000. Lewis Asset Management LLC acquired a new position in Oxford Lane Capital in the 4th quarter valued at approximately $51,000. Titleist Asset Management LLC bought a new stake in shares of Oxford Lane Capital in the 4th quarter worth approximately $51,000. Insigneo Advisory Services LLC bought a new position in Oxford Lane Capital during the first quarter worth about $47,000. Finally, Choreo LLC bought a new stake in shares of Oxford Lane Capital in the 4th quarter valued at approximately $51,000. 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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