Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shares saw an uptick in trading volume on Thursday . 29,673,797 shares changed hands during trading, an increase of 341% from the previous session's volume of 6,728,875 shares.The stock last traded at $3.39 and had previously closed at $3.62.
Oxford Lane Capital Trading Down 3.6%
The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 4.20 and a beta of 0.77. The company has a fifty day moving average of $4.31 and a two-hundred day moving average of $4.65.
Oxford Lane Capital Dividend Announcement
The firm also recently declared a dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 18th will be given a $0.09 dividend. This represents a yield of 26.67%. The ex-dividend date of this dividend is Thursday, July 17th. Oxford Lane Capital's dividend payout ratio is currently 140.96%.
Institutional Investors Weigh In On Oxford Lane Capital
Hedge funds have recently modified their holdings of the business. J.W. Cole Advisors Inc. increased its position in shares of Oxford Lane Capital by 130.5% during 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 purchasing an additional 373,710 shares during the period. M&T Bank Corp raised its stake in shares of Oxford Lane Capital by 540.8% in the 1st quarter. M&T Bank Corp now owns 306,884 shares of the investment management company's stock valued at $1,448,000 after buying an additional 258,992 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Oxford Lane Capital during the 4th quarter worth about $1,079,000. Realta Investment Advisors boosted its position in shares of Oxford Lane Capital by 21.4% during the 1st quarter. Realta Investment Advisors now owns 1,250,737 shares of the investment management company's stock valued at $5,903,000 after acquiring an additional 220,505 shares in the last quarter. Finally, Citadel Advisors LLC increased its stake in Oxford Lane Capital by 333.5% in the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company's stock valued at $4,874,000 after acquiring an additional 739,506 shares during the period. 6.74% of the stock is owned by institutional investors.
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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