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Oxford Lane Capital (NASDAQ:OXLC) Shares Gap Down - Time to Sell?

Oxford Lane Capital logo with Financial Services background

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $3.98, but opened at $3.74. Oxford Lane Capital shares last traded at $3.76, with a volume of 6,274,682 shares changing hands.

Oxford Lane Capital Stock Up 3.7%

The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 4.36 and a beta of 0.77. The stock's 50-day moving average price is $4.23 and its 200 day moving average price is $4.62.

Oxford Lane Capital Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. SWAN Capital LLC acquired a new stake in Oxford Lane Capital in the fourth quarter valued at approximately $30,000. AdvisorNet Financial Inc raised its holdings in Oxford Lane Capital by 92.5% during the second quarter. AdvisorNet Financial Inc now owns 6,198 shares of the investment management company's stock worth $26,000 after purchasing an additional 2,979 shares in the last quarter. US Bancorp DE raised its holdings in Oxford Lane Capital by 106.1% during the first quarter. US Bancorp DE now owns 6,300 shares of the investment management company's stock worth $30,000 after purchasing an additional 3,243 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Oxford Lane Capital during the second quarter worth approximately $28,000. Finally, Titleist Asset Management LLC acquired a new stake in Oxford Lane Capital during the fourth quarter worth approximately $51,000. Hedge funds and other institutional investors own 6.74% of the company's stock.

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.

Further Reading

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