Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s share price fell 1% on Wednesday . The stock traded as low as $4.23 and last traded at $4.30. 2,498,694 shares were traded during mid-day trading, a decline of 49% from the average session volume of 4,932,923 shares. The stock had previously closed at $4.34.
Oxford Lane Capital Stock Up 1.8 %
The company has a 50 day moving average of $4.80 and a two-hundred day moving average of $5.06. The firm has a market cap of $1.57 billion, a P/E ratio of 5.48 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 for the quarter, missing the consensus estimate of $0.67 by ($0.39).
Oxford Lane Capital Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.09 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.08 annualized dividend and a yield of 23.74%. Oxford Lane Capital's dividend payout ratio (DPR) is 127.71%.
Institutional Investors Weigh In On Oxford Lane Capital
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Oxford Lane Capital in the 4th quarter worth $1,079,000. Wedbush Securities Inc. boosted its position in shares of Oxford Lane Capital by 10.0% in the 4th quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company's stock valued at $6,043,000 after purchasing an additional 107,951 shares during the period. Border to Coast Pensions Partnership Ltd increased its stake 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 worth $9,373,000 after purchasing an additional 445,000 shares in the last quarter. Realta Investment Advisors raised its holdings 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 worth $5,254,000 after buying an additional 141,536 shares during the period. Finally, Apollon Wealth Management LLC purchased a new stake in Oxford Lane Capital during the fourth quarter valued at about $290,000. Institutional investors and hedge funds own 6.74% of the company's stock.
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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