Oxford Lane Capital (NASDAQ:OXLC) Reaches New 12-Month Low - Should You Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shares hit a new 52-week low 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 Stock Down 3.6%

The stock has a market cap of $1.58 billion, a P/E ratio of 4.20 and a beta of 0.77. The firm's 50-day moving average is $4.25 and its two-hundred day moving average is $4.63.

Oxford Lane Capital Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 18th will be given a dividend of $0.09 per share. This represents a yield of 26.67%. The ex-dividend date is Thursday, July 17th. Oxford Lane Capital's payout ratio is presently 140.96%.

Hedge Funds Weigh In On Oxford Lane Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OXLC. Citadel Advisors LLC raised its position in Oxford Lane Capital by 333.5% during 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 in the last quarter. TrueMark Investments LLC raised its position in Oxford Lane Capital by 88.5% during the fourth quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company's stock valued at $5,060,000 after acquiring an additional 468,696 shares in the last quarter. Jane Street Group LLC raised its position in shares of Oxford Lane Capital by 905.9% in the fourth quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company's stock valued at $2,379,000 after purchasing an additional 422,593 shares during the period. J.W. Cole Advisors Inc. raised its position 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 purchasing an additional 373,710 shares during the period. Finally, LPL Financial LLC raised its position in shares of Oxford Lane Capital by 41.0% in the first quarter. LPL Financial LLC now owns 1,264,958 shares of the investment management company's stock valued at $5,971,000 after purchasing an additional 367,613 shares during the period. Institutional investors own 6.74% of the company's stock.

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.