Transce3nd LLC purchased a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 84,587 shares of the investment management company's stock, valued at approximately $429,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Lewis Asset Management LLC acquired a new stake in Oxford Lane Capital in the 4th quarter valued at about $51,000. Walkner Condon Financial Advisors LLC acquired a new stake in shares of Oxford Lane Capital during the 4th quarter worth $51,000. Choreo LLC acquired a new position in shares of Oxford Lane Capital during the 4th quarter valued at $51,000. Titleist Asset Management LLC acquired a new stake in Oxford Lane Capital in the fourth quarter valued at approximately $51,000. Finally, McIlrath & Eck LLC acquired a new position in Oxford Lane Capital in the 3rd quarter worth $55,000. 6.74% of the stock is currently owned by institutional investors and hedge funds.
Oxford Lane Capital Price Performance
OXLC traded up $0.05 during trading on Thursday, hitting $4.53. The company had a trading volume of 2,564,213 shares, compared to its average volume of 5,082,479. The company has a market cap of $1.57 billion, a PE ratio of 5.44 and a beta of 0.84. The business has a 50-day moving average of $4.71 and a 200-day moving average of $5.03. Oxford Lane Capital Corp. has a 1-year low of $3.91 and a 1-year high of $5.78.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last issued its earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39).
Oxford Lane Capital Announces Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, April 16th. This represents a yield of 24.43%. Oxford Lane Capital's dividend payout ratio (DPR) is presently 128.92%.
Oxford Lane Capital Company Profile
(
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.
Featured Stories
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
