Oxford Lane Capital (NASDAQ:OXLC) Reaches New 52-Week Low - What's Next?

Key Points

• Oxford Lane Capital Corp. (NASDAQ:OXLC) shares hit a new 52-week low of $15.82, closing at $15.93 with a market capitalization of $1.45 billion.
• The company declared a $0.08 dividend to be paid on December 31st, representing a dividend yield of 6.0% and a payout ratio of 128.92%.
• Institutional investors, including Jane Street Group LLC and J.W. Cole Advisors Inc., have significantly increased their stakes in Oxford Lane Capital recently, highlighting growing interest in the stock.

Oxford Lane Capital Corp. (NASDAQ:OXLC - ) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $15.82 and last traded at $15.93, with a volume of 385010 shares changing hands. The stock had previously closed at $16.02.

Oxford Lane Capital Stock Down 0.3%

The company has a fifty day simple moving average of $17.39 and a two-hundred day simple moving average of $20.14. The stock has a market capitalization of $1.45 billion, a P/E ratio of 3.85 and a beta of 0.79.

Oxford Lane Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be issued a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Wednesday, December 17th. Oxford Lane Capital's dividend payout ratio is 128.92%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC raised its stake in shares of Oxford Lane Capital by 1,520.4% during the 2nd quarter. Jane Street Group LLC now owns 594,696 shares of the investment management company's stock worth $2,498,000 after purchasing an additional 557,996 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of Oxford Lane Capital by 130.5% in the first quarter. J.W. Cole Advisors Inc. now owns 659,970 shares of the investment management company's stock valued at $3,115,000 after buying an additional 373,710 shares during the period. LPL Financial LLC lifted its position in shares of Oxford Lane Capital by 41.0% in the 1st quarter. LPL Financial LLC now owns 1,264,958 shares of the investment management company's stock worth $5,971,000 after purchasing an additional 367,613 shares during the period. Border to Coast Pensions Partnership Ltd grew its holdings in Oxford Lane Capital by 18.9% in the first quarter. Border to Coast Pensions Partnership Ltd now owns 2,200,000 shares of the investment management company's stock worth $10,384,000 after purchasing an additional 350,000 shares during the period. Finally, Freestone Capital Holdings LLC acquired a new stake in shares of Oxford Lane Capital in the 1st quarter worth about $1,308,000. 6.74% of the stock is currently owned by institutional investors.

About Oxford Lane Capital

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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