Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) announced a dividend on Wednesday, July 16th, investing.com reports. Stockholders of record on Friday, July 18th will be paid a dividend of 0.09 per share by the investment management company on Thursday, July 31st. This represents a dividend yield of 26.02%. The ex-dividend date is Thursday, July 17th.
Oxford Lane Capital has a dividend 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 decline.
Oxford Lane Capital Stock Down 0.2%
NASDAQ:OXLC traded down $0.01 during trading hours on Wednesday, hitting $4.15. 5,144,702 shares of the stock were exchanged, compared to its average volume of 5,347,914. The company's 50 day moving average is $4.39 and its two-hundred day moving average is $4.69. The company has a market capitalization of $1.88 billion, a P/E ratio of 5.00 and a beta of 0.77. Oxford Lane Capital has a twelve month low of $3.91 and a twelve month high of $5.63.
Institutional Investors Weigh In On Oxford Lane Capital
An institutional investor recently raised its position in Oxford Lane Capital stock. Integrated Wealth Concepts LLC grew its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 70.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,136 shares of the investment management company's stock after buying an additional 12,873 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Oxford Lane Capital were worth $147,000 at the end of the most recent reporting period. 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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