Oxford Lane Capital (NASDAQ:OXLC) Trading Up 0.3% - Here's What Happened

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) traded up 0.3% during mid-day trading on Monday . The stock traded as high as $4.61 and last traded at $4.59. 1,124,224 shares traded hands during trading, a decline of 78% from the average session volume of 5,106,088 shares. The stock had previously closed at $4.57.

Oxford Lane Capital Trading Down 0.1 %

The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 5.50 and a beta of 0.84. The stock has a 50-day simple moving average of $4.69 and a 200-day simple moving average of $5.01.

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 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.09 per share. 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 128.92%.

Institutional Trading of Oxford Lane Capital

Several institutional investors have recently added to or reduced their stakes in OXLC. Citadel Advisors LLC grew its holdings in shares of Oxford Lane Capital by 333.5% during the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company's stock valued at $4,874,000 after purchasing an additional 739,506 shares during the last quarter. TrueMark Investments LLC boosted its holdings in shares of Oxford Lane Capital by 88.5% during the fourth quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company's stock valued at $5,060,000 after acquiring an additional 468,696 shares during the period. Border to Coast Pensions Partnership Ltd increased its stake in shares of Oxford Lane Capital by 31.7% in the fourth 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 purchasing an additional 445,000 shares during the period. Jane Street Group LLC raised its stake in shares of Oxford Lane Capital by 905.9% in the 4th quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company's stock valued at $2,379,000 after buying an additional 422,593 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Oxford Lane Capital by 42.7% in the fourth quarter. LPL Financial LLC now owns 897,345 shares of the investment management company's stock valued at $4,550,000 after acquiring an additional 268,631 shares during the period. Institutional investors 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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