Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) declared a dividend on Wednesday, March 26th, NASDAQ Dividends reports. Shareholders of record on Thursday, July 17th will be paid a dividend of 0.09 per share by the investment management company on Thursday, July 31st. The ex-dividend date is Thursday, July 17th.
Oxford Lane Capital has a dividend payout ratio of 98.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline.
Oxford Lane Capital Stock Performance
OXLC stock remained flat at $4.16 during midday trading on Tuesday. The company's stock had a trading volume of 3,961,111 shares, compared to its average volume of 5,354,205. The stock has a market cap of $1.89 billion, a PE ratio of 5.01 and a beta of 0.77. The company's 50-day moving average is $4.41 and its 200-day moving average is $4.70. Oxford Lane Capital has a twelve month low of $3.91 and a twelve month high of $5.68.
Hedge Funds Weigh In On Oxford Lane Capital
A hedge fund recently raised its stake in Oxford Lane Capital stock. NewEdge Advisors LLC grew its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 17.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,326 shares of the investment management company's stock after acquiring an additional 4,462 shares during the period. NewEdge Advisors LLC's holdings in Oxford Lane Capital were worth $138,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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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