Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shares traded down 0.1% during trading on Tuesday . The stock traded as low as $4.60 and last traded at $4.61. 753,037 shares were traded during mid-day trading, a decline of 85% from the average session volume of 5,095,387 shares. The stock had previously closed at $4.61.
Oxford Lane Capital Stock Performance
The firm has a market capitalization of $1.63 billion, a PE ratio of 5.67 and a beta of 0.75. The business's 50 day moving average is $4.65 and its two-hundred day moving average is $5.00.
Oxford Lane Capital Dividend Announcement
The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a yield of 24.43%. Oxford Lane Capital's dividend payout ratio (DPR) is 128.92%.
Institutional Investors Weigh In On Oxford Lane Capital
Several hedge funds and other institutional investors have recently modified their holdings of OXLC. SWAN Capital LLC bought a new stake in shares of Oxford Lane Capital during the 4th quarter valued at about $30,000. Insigneo Advisory Services LLC bought a new position in Oxford Lane Capital during the 1st quarter worth approximately $47,000. Quilter Plc bought a new stake in Oxford Lane Capital during the 1st quarter valued at $47,000. Cornell Pochily Investment Advisors Inc. purchased a new stake in shares of Oxford Lane Capital during the first quarter worth about $48,000. Finally, Lewis Asset Management LLC purchased a new stake in Oxford Lane Capital in the 4th quarter worth approximately $51,000. 6.74% of the stock is currently owned by institutional investors.
About Oxford Lane Capital
(
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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