Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) announced a monthly dividend on Friday, November 3rd, Wall Street Journal reports. Investors of record on Thursday, February 15th will be given a dividend of 0.08 per share by the investment management company on Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a yield of 17.98%. The ex-dividend date of this dividend is Wednesday, February 14th.
Oxford Lane Capital has decreased its dividend by an average of 8.5% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.
Oxford Lane Capital Stock Performance
OXLC opened at $5.34 on Tuesday. The firm has a 50 day moving average price of $5.07 and a 200 day moving average price of $5.06. The company has a market cap of $835.18 million, a PE ratio of 4.53 and a beta of 1.18. Oxford Lane Capital has a 1 year low of $4.41 and a 1 year high of $5.96.
Hedge Funds Weigh In On Oxford Lane Capital
Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Securities LLC purchased a new position in Oxford Lane Capital in the 1st quarter worth approximately $103,000. Squarepoint Ops LLC purchased a new position in Oxford Lane Capital in the 4th quarter worth approximately $100,000. Jane Street Group LLC purchased a new position in Oxford Lane Capital in the 4th quarter worth approximately $98,000. Millennium Management LLC boosted its holdings in Oxford Lane Capital by 55.9% in the 4th quarter. Millennium Management LLC now owns 18,781 shares of the investment management company’s stock worth $95,000 after acquiring an additional 6,733 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in Oxford Lane Capital in the 4th quarter worth approximately $83,000. Hedge funds and other institutional investors own 6.49% of the company’s stock.
Oxford Lane Capital Company Profile
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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