Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $3.88 and last traded at $3.88, with a volume of 4454874 shares trading hands. The stock had previously closed at $3.97.
Oxford Lane Capital Trading Down 2.5%
The firm has a market capitalization of $1.75 billion, a PE ratio of 4.66 and a beta of 0.77. The business's 50 day simple moving average is $4.35 and its two-hundred day simple moving average is $4.67.
Oxford Lane Capital Announces Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 18th will be paid a $0.09 dividend. This represents a dividend yield of 26.67%. The ex-dividend date is Thursday, July 17th. Oxford Lane Capital's dividend payout ratio (DPR) is 130.12%.
Hedge Funds Weigh In On Oxford Lane Capital
Hedge funds have recently made changes to their positions in the business. J.W. Cole Advisors Inc. lifted its holdings in Oxford Lane Capital by 130.5% during the 1st 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 last quarter. M&T Bank Corp increased its stake in shares of Oxford Lane Capital by 540.8% during the first 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 during the period. Raymond James Financial Inc. purchased a new position in shares of Oxford Lane Capital in the fourth quarter worth $1,079,000. Realta Investment Advisors increased its position in Oxford Lane Capital by 21.4% in the first quarter. Realta Investment Advisors now owns 1,250,737 shares of the investment management company's stock worth $5,903,000 after buying an additional 220,505 shares in the last quarter. Finally, Citadel Advisors LLC lifted its stake in shares of Oxford Lane Capital by 333.5% in the 4th quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company's stock valued at $4,874,000 after purchasing an additional 739,506 shares during the last quarter. Institutional investors and hedge funds 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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