Oxford Lane Capital (NASDAQ:OXLC) Stock Price Down 5.4% – Here’s Why

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s stock price dropped 5.4% during trading on Thursday . The stock traded as low as $4.45 and last traded at $4.44. Approximately 3,053,073 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 4,977,602 shares. The stock had previously closed at $4.69.

Oxford Lane Capital Trading Up 0.7 %

The stock has a market cap of $1.53 billion, a PE ratio of 5.34 and a beta of 0.84. The firm’s 50-day moving average price is $4.83 and its two-hundred day moving average price is $5.07.

Oxford Lane Capital (NASDAQ:OXLC) last announced its earnings results 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 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.08 annualized dividend and a yield of 24.38%. Oxford Lane Capital’s dividend payout ratio (DPR) is 127.71%.

Institutional Trading of Oxford Lane Capital

A number of institutional investors have recently bought and sold shares of OXLC. Merkkuri Wealth Advisors LLC raised its stake in shares of Oxford Lane Capital by 20.8% in the fourth quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company’s stock worth $62,000 after purchasing an additional 2,100 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Oxford Lane Capital by 5.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,910 shares of the investment management company’s stock valued at $304,000 after acquiring an additional 3,125 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Oxford Lane Capital by 31.1% in the 3rd quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock valued at $71,000 after acquiring an additional 3,229 shares during the last quarter. Sage Capital Advisors llc increased its stake in shares of Oxford Lane Capital by 7.4% in the first quarter. Sage Capital Advisors llc now owns 68,663 shares of the investment management company’s stock worth $324,000 after acquiring an additional 4,750 shares during the period. Finally, SWAN Capital LLC purchased a new position in shares of Oxford Lane Capital during the fourth quarter worth $30,000. 6.74% of the stock is currently owned by institutional investors and hedge funds.

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.