Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s share price fell 5.4% on Thursday . The company traded as low as $4.45 and last traded at $4.44. 3,053,073 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 4,977,602 shares. The stock had previously closed at $4.69.
Oxford Lane Capital Trading Up 0.9 %
The business has a fifty day moving average price of $4.83 and a 200 day moving average price of $5.07. The firm has a market cap of $1.55 billion, a PE ratio of 5.39 and a beta of 0.84.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last announced its earnings results 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 company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 24.16%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital's payout ratio is 127.71%.
Institutional Trading of Oxford Lane Capital
A number of hedge funds have recently added to or reduced their stakes in the business. SWAN Capital LLC purchased a new position in shares of Oxford Lane Capital in the 4th quarter valued at $30,000. Lewis Asset Management LLC acquired a new position in Oxford Lane Capital in the fourth quarter worth about $51,000. Walkner Condon Financial Advisors LLC bought a new stake in shares of Oxford Lane Capital in the 4th quarter valued at approximately $51,000. Choreo LLC bought a new stake in Oxford Lane Capital during the fourth quarter valued at $51,000. Finally, Titleist Asset Management LLC bought a new position in shares of Oxford Lane Capital during the fourth quarter valued at approximately $51,000. 6.74% of the stock is owned by institutional investors and hedge funds.
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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