Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s share price gapped down before the market opened 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 trading hands.
Oxford Lane Capital Stock Up 2.1%
The company has a market cap of $1.62 billion, a PE ratio of 4.30 and a beta of 0.77. The stock's 50 day moving average is $4.25 and its 200-day moving average is $4.63.
Oxford Lane Capital Announces Dividend
The business also recently declared 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 yield of 26.67%. The ex-dividend date of this dividend is Thursday, July 17th. Oxford Lane Capital's dividend payout ratio is presently 140.96%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OXLC. Apollon Wealth Management LLC boosted its holdings in shares of Oxford Lane Capital by 62.8% in the 2nd quarter. Apollon Wealth Management LLC now owns 93,118 shares of the investment management company's stock valued at $391,000 after buying an additional 35,906 shares in the last quarter. Abel Hall LLC bought a new stake in shares of Oxford Lane Capital in the 2nd quarter valued at about $84,000. Ameritas Advisory Services LLC bought a new stake in shares of Oxford Lane Capital in the 2nd quarter valued at about $28,000. Marks Wealth LLC boosted its holdings in shares of Oxford Lane Capital by 26.1% in the 2nd quarter. Marks Wealth LLC now owns 40,012 shares of the investment management company's stock valued at $168,000 after buying an additional 8,275 shares in the last quarter. Finally, Capital Investment Advisors LLC bought a new stake in shares of Oxford Lane Capital in the 2nd quarter valued at about $45,000. 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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