Oxford Lane Capital (NASDAQ:OXLC) Trading 1.4% Higher - Here's Why

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) rose 1.4% during mid-day trading on Monday . The company traded as high as $4.59 and last traded at $4.49. Approximately 2,479,386 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 5,008,530 shares. The stock had previously closed at $4.43.

Oxford Lane Capital Stock Performance

The stock's fifty day moving average is $4.76 and its two-hundred day moving average is $5.04. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 5.28 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 Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a yield of 24.43%. Oxford Lane Capital's dividend payout ratio (DPR) is presently 127.71%.

Institutional Trading of Oxford Lane Capital

Several hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC boosted its holdings in Oxford Lane Capital by 75.9% in the third quarter. HighTower Advisors LLC now owns 23,232 shares of the investment management company's stock worth $121,000 after purchasing an additional 10,026 shares in the last quarter. McIlrath & Eck LLC acquired a new position in shares of Oxford Lane Capital during the third quarter worth approximately $55,000. Virtu Financial LLC bought a new position in Oxford Lane Capital in the third quarter valued at about $157,000. Silverleafe Capital Partners LLC boosted its position in shares of Oxford Lane Capital by 28.7% during the fourth quarter. Silverleafe Capital Partners LLC now owns 39,513 shares of the investment management company's stock worth $200,000 after purchasing an additional 8,820 shares in the last quarter. Finally, Parisi Gray Wealth Management bought a new stake in Oxford Lane Capital during the 4th quarter worth approximately $101,000. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

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.