Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) announced a dividend on Thursday, July 17th, investing.com reports. Investors 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 of this dividend is Thursday, July 17th.
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 Stock Down 2.5%
OXLC stock traded down $0.10 during mid-day trading on Monday, reaching $3.87. 16,891,301 shares of the stock traded hands, compared to its average volume of 5,417,534. Oxford Lane Capital has a 52 week low of $3.82 and a 52 week high of $5.63. The firm has a market capitalization of $1.75 billion, a PE ratio of 4.66 and a beta of 0.77. The business has a 50-day moving average of $4.35 and a two-hundred day moving average of $4.67.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Oxford Lane Capital stock. Integrated Wealth Concepts LLC raised its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 70.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period. Institutional investors own 6.74% of the company's stock.
Oxford Lane Capital Company Profile
(
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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