Oxford Lane Capital (NASDAQ:OXLC) Trading Down 2.4% - Here's What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s share price traded down 2.4% during trading on Monday . The stock traded as low as $4.25 and last traded at $4.28. 2,801,913 shares were traded during mid-day trading, a decline of 45% from the average session volume of 5,070,526 shares. The stock had previously closed at $4.38.

Oxford Lane Capital Price Performance

The firm's fifty day moving average is $4.76 and its 200 day moving average is $5.04. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 5.13 and a beta of 0.84.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last released its earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.39).

Oxford Lane Capital Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a dividend yield of 24.43%. Oxford Lane Capital's payout ratio is currently 127.71%.

Institutional Trading of Oxford Lane Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Merkkuri Wealth Advisors LLC boosted its holdings in shares of Oxford Lane Capital by 20.8% during the 4th quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company's stock worth $62,000 after buying an additional 2,100 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of 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 last quarter. GPS Wealth Strategies Group LLC boosted its holdings in shares of Oxford Lane Capital by 38.8% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 11,442 shares of the investment management company's stock valued at $54,000 after acquiring an additional 3,200 shares in the last quarter. Sage Capital Advisors llc grew its holdings in shares of Oxford Lane Capital by 7.4% during the first quarter. Sage Capital Advisors llc now owns 68,663 shares of the investment management company's stock worth $324,000 after purchasing an additional 4,750 shares during the last quarter. Finally, SWAN Capital LLC bought a new stake in Oxford Lane Capital during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 6.74% of the company's stock.

About Oxford Lane Capital

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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