Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) rose 4.9% during trading on Friday . The stock traded as high as $4.60 and last traded at $4.58. Approximately 3,909,563 shares were traded during trading, a decline of 16% from the average daily volume of 4,645,215 shares. The stock had previously closed at $4.36.
Oxford Lane Capital Stock Up 1.2 %
The company's 50-day moving average is $4.99 and its two-hundred day moving average is $5.14. The company has a market capitalization of $1.61 billion, a P/E ratio of 5.61 and a beta of 1.17.
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 Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital's dividend payout ratio (DPR) is presently 127.71%.
Institutional Trading of Oxford Lane Capital
A number of hedge funds have recently bought and sold shares of OXLC. Rockefeller Capital Management L.P. purchased a new position in shares of Oxford Lane Capital during the third quarter worth approximately $777,000. Border to Coast Pensions Partnership Ltd raised its position in Oxford Lane Capital by 31.7% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company's stock worth $9,373,000 after purchasing an additional 445,000 shares during the period. Realta Investment Advisors lifted its stake in Oxford Lane Capital by 15.9% in the fourth quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company's stock worth $5,254,000 after purchasing an additional 141,536 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in Oxford Lane Capital during the fourth quarter valued at about $290,000. Finally, J.W. Cole Advisors Inc. grew its stake in shares of Oxford Lane Capital by 25.3% during the fourth quarter. J.W. Cole Advisors Inc. now owns 286,260 shares of the investment management company's stock valued at $1,451,000 after buying an additional 57,865 shares during the last quarter. Institutional investors own 6.74% of the company's stock.
About Oxford Lane Capital
(
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.
Further Reading
Before you consider Oxford Lane Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oxford Lane Capital wasn't on the list.
While Oxford Lane Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
