Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) declared a monthly dividend on Thursday, January 25th, NASDAQ reports. Shareholders of record on Tuesday, April 16th will be paid a dividend of 0.08 per share by the investment management company on Tuesday, April 30th. This represents a $0.96 annualized dividend and a dividend yield of 18.97%. The ex-dividend date of this dividend is Monday, April 15th.
Oxford Lane Capital has decreased its dividend payment by an average of 8.5% per year over the last three years and has increased its dividend every year for the last 1 years.
Oxford Lane Capital Price Performance
OXLC traded down $0.05 on Friday, reaching $5.06. The company's stock had a trading volume of 5,600,899 shares, compared to its average volume of 2,050,989. The business's 50 day moving average is $5.13 and its 200 day moving average is $5.03. The stock has a market cap of $791.38 million, a price-to-earnings ratio of 5.01 and a beta of 1.17. Oxford Lane Capital has a 1 year low of $4.41 and a 1 year high of $5.70.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last released its earnings results on Friday, January 26th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.12. The business had revenue of $79.20 million during the quarter. During the same period in the prior year, the firm earned $0.31 EPS.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in OXLC. Sunbelt Securities Inc. bought a new stake in shares of Oxford Lane Capital in the 1st quarter valued at $31,000. Money Concepts Capital Corp acquired a new stake in Oxford Lane Capital in the 4th quarter valued at about $34,000. Tower Research Capital LLC TRC lifted its position in Oxford Lane Capital by 914,200.0% during the first quarter. Tower Research Capital LLC TRC now owns 9,143 shares of the investment management company's stock worth $48,000 after acquiring an additional 9,142 shares during the last quarter. Cetera Advisor Networks LLC acquired a new stake in Oxford Lane Capital during the fourth quarter worth approximately $53,000. Finally, Kingsview Wealth Management LLC bought a new position in shares of Oxford Lane Capital during the second quarter worth approximately $64,000. 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.
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