Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) declared a dividend on Wednesday, March 26th, investing.com 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. This represents a dividend yield of 26.02%. The ex-dividend date is Friday, August 15th.
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 tumble.
Oxford Lane Capital Stock Performance
Shares of NASDAQ OXLC traded down $0.08 during trading hours on Friday, hitting $3.97. The company's stock had a trading volume of 8,640,451 shares, compared to its average volume of 5,373,920. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 4.78 and a beta of 0.77. Oxford Lane Capital has a 12 month low of $3.91 and a 12 month high of $5.63. The business has a 50-day simple moving average of $4.35 and a 200-day simple moving average of $4.67.
Institutional Trading of Oxford Lane Capital
A hedge fund recently raised its stake in Oxford Lane Capital stock. Integrated Wealth Concepts LLC grew its holdings in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 70.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 31,136 shares of the investment management company's stock after purchasing an additional 12,873 shares during the period. Integrated Wealth Concepts LLC's holdings in Oxford Lane Capital were worth $147,000 as of its most recent SEC filing. 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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