Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s share price dropped 0.9% on Friday . The company traded as low as $4.37 and last traded at $4.38. Approximately 3,401,697 shares traded hands during trading, a decline of 33% from the average daily volume of 5,052,491 shares. The stock had previously closed at $4.42.
Oxford Lane Capital Trading Down 2.5 %
The company has a 50-day moving average price of $4.74 and a two-hundred day moving average price of $5.03. The stock has a market capitalization of $1.48 billion, a P/E ratio of 5.14 and a beta of 0.84.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.39).
Oxford Lane Capital Dividend Announcement
The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be given a $0.09 dividend. This represents a yield of 24.43%. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital's payout ratio is currently 127.71%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in Oxford Lane Capital in the 4th quarter valued at about $1,079,000. Wedbush Securities Inc. grew its holdings in Oxford Lane Capital by 10.0% during the fourth quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company's stock worth $6,043,000 after buying an additional 107,951 shares in the last quarter. Border to Coast Pensions Partnership Ltd raised its position in Oxford Lane Capital by 31.7% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company's stock valued at $9,373,000 after buying an additional 445,000 shares during the last quarter. Realta Investment Advisors lifted its stake in Oxford Lane Capital by 15.9% during the 4th quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company's stock valued at $5,254,000 after acquiring an additional 141,536 shares in the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in Oxford Lane Capital during the 4th quarter worth $290,000. Institutional investors and hedge funds 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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