Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) saw strong trading volume on Thursday . 29,673,797 shares traded 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 Stock Performance
The stock has a market cap of $1.68 billion, a PE ratio of 4.46 and a beta of 0.77. The business has a 50-day moving average of $4.21 and a 200 day moving average of $4.61.
Oxford Lane Capital Announces Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, July 18th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a dividend yield of 26.67%. Oxford Lane Capital's dividend payout ratio is presently 140.96%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. AdvisorNet Financial Inc raised its stake in Oxford Lane Capital by 92.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 6,198 shares of the investment management company's stock valued at $26,000 after acquiring an additional 2,979 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Oxford Lane Capital in the 2nd quarter worth approximately $28,000. SWAN Capital LLC bought a new position in shares of Oxford Lane Capital in the fourth quarter valued at $30,000. US Bancorp DE raised its position in shares of Oxford Lane Capital by 106.1% during the first quarter. US Bancorp DE now owns 6,300 shares of the investment management company's stock worth $30,000 after purchasing an additional 3,243 shares during the period. Finally, Capital Investment Advisors LLC acquired a new position in shares of Oxford Lane Capital in the 2nd quarter valued at about $45,000. 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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