Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s stock price fell 3.9% on Wednesday . The company traded as low as $4.38 and last traded at $4.32. 2,817,129 shares were traded during mid-day trading, a decline of 38% from the average session volume of 4,512,437 shares. The stock had previously closed at $4.49.
Oxford Lane Capital Price Performance
The firm has a market cap of $1.58 billion, a PE ratio of 5.51 and a beta of 1.17. The company has a 50 day simple moving average of $5.00 and a 200-day simple moving average of $5.15.
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 analysts' consensus estimates of $0.67 by ($0.39).
Oxford Lane Capital Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, April 16th. Oxford Lane Capital's dividend payout ratio is currently 127.71%.
Institutional Investors Weigh In On Oxford Lane Capital
Institutional investors have recently bought and sold shares of the stock. Merkkuri Wealth Advisors LLC lifted its position in Oxford Lane Capital by 20.8% in the fourth quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company's stock valued at $62,000 after purchasing an additional 2,100 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in 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 valued at $304,000 after buying an additional 3,125 shares during the last quarter. Captrust Financial Advisors boosted its position in Oxford Lane Capital by 31.1% during the 3rd quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company's stock valued at $71,000 after buying an additional 3,229 shares during the period. D.A. Davidson & CO. grew its holdings in Oxford Lane Capital by 16.5% in the 3rd quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company's stock worth $143,000 after acquiring an additional 3,865 shares during the last quarter. Finally, SWAN Capital LLC purchased a new position in shares of Oxford Lane Capital in the fourth quarter valued at about $30,000. 6.74% of the stock is currently owned by hedge funds and other institutional investors.
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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