Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as $4.66 and last traded at $4.68, with a volume of 7892550 shares. The stock had previously closed at $4.70.
Oxford Lane Capital Trading Up 5.8 %
The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 5.55 and a beta of 1.17. The firm's 50 day moving average price is $5.01 and its two-hundred day moving average price is $5.16.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.39).
Oxford Lane Capital Announces Dividend
The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital's dividend payout ratio (DPR) is currently 126.51%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. SWAN Capital LLC bought a new stake in Oxford Lane Capital in the 4th quarter valued at about $30,000. Lewis Asset Management LLC bought a new stake in Oxford Lane Capital in the 4th quarter valued at about $51,000. Walkner Condon Financial Advisors LLC bought a new stake in Oxford Lane Capital in the 4th quarter valued at about $51,000. Choreo LLC bought a new stake in Oxford Lane Capital in the 4th quarter valued at about $51,000. Finally, Titleist Asset Management LLC bought a new stake in Oxford Lane Capital in the 4th quarter valued at about $51,000. 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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