Oxford Lane Capital (NASDAQ:OXLC) Hits New 52-Week Low - Here's Why

Key Points

• New 52-week low: Oxford Lane Capital (OXLC) fell to as low as $8.91 (last $8.875) on heavy volume, down roughly 10%, while its 50-day and 200-day moving averages sit at $13.56 and $15.34 and market cap is about $800.8M.
• The company announced a monthly dividend of $0.20 per share (ex-dividend June 16, payable June 30), implying a very high annualized yield of 27.2%.
• Institutional investors own only about 6.74% of the stock; OXLC is a closed-end investment company that primarily invests in debt and equity of private funds targeting U.S. middle‑market companies.

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $8.91 and last traded at $8.8750, with a volume of 673535 shares. The stock had previously closed at $9.82.

Oxford Lane Capital Trading Down 10.0%

The company's 50-day moving average price is $13.56 and its two-hundred day moving average price is $15.34. The company has a market cap of $800.78 million, a P/E ratio of 1.57 and a beta of 0.73.

Oxford Lane Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.20 per share. This represents a c) dividend on an annualized basis and a yield of 27.2%. The ex-dividend date is Tuesday, June 16th.

Institutional Investors Weigh In On Oxford Lane Capital

A number of institutional investors and hedge funds have recently modified their holdings of OXLC. Camelot Portfolios LLC bought a new stake in shares of Oxford Lane Capital during the 4th quarter worth $29,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Oxford Lane Capital in the 2nd quarter valued at $32,000. Sound Income Strategies LLC acquired a new position in shares of Oxford Lane Capital in the 4th quarter valued at $37,000. WPG Advisers LLC increased its stake in Oxford Lane Capital by 87.5% in the 3rd quarter. WPG Advisers LLC now owns 2,620 shares of the investment management company's stock worth $44,000 after purchasing an additional 1,223 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Oxford Lane Capital during the 2nd quarter worth about $47,000. Institutional investors and hedge funds own 6.74% of the company's stock.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.

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