Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) announced a dividend on Wednesday, March 26th, NASDAQ Dividends reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.09 per share by the investment management company on Friday, August 29th. The ex-dividend date is Friday, August 15th.
Oxford Lane Capital has a payout ratio of 98.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble.
Oxford Lane Capital Trading Down 1.9%
Shares of OXLC stock traded down $0.08 during trading hours on Friday, hitting $3.98. 8,032,722 shares of the company were exchanged, compared to its average volume of 5,363,521. The business has a 50 day moving average of $4.36 and a two-hundred day moving average of $4.68. Oxford Lane Capital has a 52 week low of $3.91 and a 52 week high of $5.63. The company has a market capitalization of $1.80 billion, a PE ratio of 4.79 and a beta of 0.77.
Institutional Investors Weigh In On Oxford Lane Capital
A hedge fund recently raised its stake in Oxford Lane Capital stock. Integrated Wealth Concepts LLC lifted its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 70.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,136 shares of the investment management company's stock after acquiring an additional 12,873 shares during the period. Integrated Wealth Concepts LLC's holdings in Oxford Lane Capital were worth $147,000 at the end of the most recent quarter. 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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