Oxford Lane Capital (NASDAQ:OXLC) Sets New 52-Week Low - Here's What Happened

Key Points

• Oxford Lane Capital's stock reached a new 52-week low of $3.26, with a substantial trading volume of over 3 million shares on Thursday.
• The company declared a $0.09 dividend recently, yielding an extraordinarily high 2,667%, though its dividend payout ratio stands at 140.96%.
• Institutional investors are actively adjusting their holdings, with LPL Financial increasing its position by 42.7% in the fourth quarter.

Oxford Lane Capital Corp. (NASDAQ:OXLC - )'s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.26 and last traded at $3.26, with a volume of 3005138 shares changing hands. The stock had previously closed at $3.36.

Oxford Lane Capital Stock Performance

The company has a market cap of $1.45 billion, a price-to-earnings ratio of 3.86 and a beta of 0.76. The business's 50 day moving average price is $4.07 and its 200-day moving average price is $4.54.

Oxford Lane Capital Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 18th were given a $0.09 dividend. This represents a dividend yield of 2,667.0%. The ex-dividend date was Thursday, July 17th. Oxford Lane Capital's dividend payout ratio (DPR) is currently 140.96%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OXLC. LPL Financial LLC raised its position in Oxford Lane Capital by 42.7% during the fourth quarter. LPL Financial LLC now owns 897,345 shares of the investment management company's stock worth $4,550,000 after acquiring an additional 268,631 shares in the last quarter. World Investment Advisors acquired a new stake in shares of Oxford Lane Capital in the fourth quarter valued at approximately $134,000. Envestnet Asset Management Inc. increased its holdings in shares of Oxford Lane Capital by 42.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 30,163 shares of the investment management company's stock worth $153,000 after acquiring an additional 8,928 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Oxford Lane Capital during the 4th quarter valued at $1,079,000. Finally, TT Capital Management LLC acquired a new position in shares of Oxford Lane Capital in the fourth quarter valued at $85,000. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Company Profile

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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