Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shares traded down 0.1% on Tuesday . The company traded as low as $4.60 and last traded at $4.61. 753,037 shares were traded during 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 Up 1.5 %
The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 5.69 and a beta of 0.75. The company has a 50-day moving average price of $4.65 and a 200-day moving average price of $4.99.
Oxford Lane Capital Announces Dividend
The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a dividend yield of 24.43%. Oxford Lane Capital's payout ratio is 128.92%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Realta Investment Advisors boosted its stake in Oxford Lane Capital by 21.4% during the 1st quarter. Realta Investment Advisors now owns 1,250,737 shares of the investment management company's stock valued at $5,903,000 after purchasing an additional 220,505 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Oxford Lane Capital by 540.8% in 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. Envestnet Asset Management Inc. boosted its stake in Oxford Lane Capital by 195.1% during the first quarter. Envestnet Asset Management Inc. now owns 89,025 shares of the investment management company's stock valued at $420,000 after buying an additional 58,862 shares in the last quarter. Marks Wealth LLC grew its holdings in Oxford Lane Capital by 47.2% during the first quarter. Marks Wealth LLC now owns 31,737 shares of the investment management company's stock worth $150,000 after acquiring an additional 10,174 shares during the period. Finally, D.A. Davidson & CO. raised its position in Oxford Lane Capital by 31.5% in the first quarter. D.A. Davidson & CO. now owns 36,142 shares of the investment management company's stock worth $171,000 after acquiring an additional 8,668 shares in the last quarter. 6.74% of the stock is currently owned by institutional investors.
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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