Oxford Lane Capital (NASDAQ:OXLC) Trading Down 0.8% – What’s Next?

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCGet Free Report) dropped 0.8% during mid-day trading on Wednesday . The stock traded as low as $4.61 and last traded at $4.63. Approximately 1,081,717 shares traded hands during trading, a decline of 77% from the average daily volume of 4,683,995 shares. The stock had previously closed at $4.66.

Oxford Lane Capital Trading Down 1.2 %

The stock has a 50-day moving average price of $4.98 and a 200 day moving average price of $5.14. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 5.55 and a beta of 1.17.

Oxford Lane Capital (NASDAQ:OXLCGet Free Report) last posted its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors 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 payout ratio is 127.71%.

Institutional Investors Weigh In On Oxford Lane Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in OXLC. SWAN Capital LLC purchased a new position in shares of Oxford Lane Capital in the fourth quarter worth about $30,000. Lewis Asset Management LLC purchased a new position in Oxford Lane Capital in the 4th quarter worth approximately $51,000. Walkner Condon Financial Advisors LLC acquired a new position in shares of Oxford Lane Capital during the 4th quarter worth approximately $51,000. Choreo LLC acquired a new position in Oxford Lane Capital during the fourth quarter worth $51,000. Finally, Titleist Asset Management LLC acquired a new position in shares of Oxford Lane Capital during the 4th quarter valued at about $51,000. Institutional investors and hedge funds 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

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