Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) declared a dividend on Thursday, July 17th, investing.com reports. Shareholders 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 yield of 26.67%. 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 tumble.
Oxford Lane Capital Stock Down 2.4%
Shares of OXLC traded down $0.10 during midday trading on Thursday, reaching $4.05. The company had a trading volume of 4,748,730 shares, compared to its average volume of 5,345,566. Oxford Lane Capital has a 1-year low of $3.91 and a 1-year high of $5.63. The stock has a market cap of $1.84 billion, a PE ratio of 4.88 and a beta of 0.77. The firm has a 50 day simple moving average of $4.38 and a 200-day simple moving average of $4.69.
Institutional Trading of Oxford Lane Capital
A hedge fund recently raised its stake 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 first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,136 shares of the investment management company's stock after acquiring an additional 12,873 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Oxford Lane Capital were worth $147,000 as of its most recent SEC filing. 6.74% of the stock is currently owned by institutional investors.
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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