Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) shares are scheduled to reverse split on the morning of Monday, September 8th. The 1-5 reverse split was announced on Tuesday, September 2nd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, September 5th.
Oxford Lane Capital Price Performance
Shares of OXLC traded down $0.03 during midday trading on Friday, hitting $3.64. The stock had a trading volume of 4,941,456 shares, compared to its average volume of 6,767,326. The company has a 50 day simple moving average of $3.75 and a two-hundred day simple moving average of $4.30. Oxford Lane Capital has a twelve month low of $3.18 and a twelve month high of $5.49. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 4.39 and a beta of 0.78.
Oxford Lane Capital Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a c) annualized dividend and a dividend yield of 26.4%. Oxford Lane Capital's dividend payout ratio (DPR) is currently 173.49%.
Institutional Trading of Oxford Lane Capital
Hedge funds and other institutional investors have recently modified their holdings of the company. AdvisorNet Financial Inc raised its stake in shares of Oxford Lane Capital by 92.5% in the 2nd quarter. AdvisorNet Financial Inc now owns 6,198 shares of the investment management company's stock valued at $26,000 after purchasing an additional 2,979 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Oxford Lane Capital in the 2nd quarter valued at about $28,000. SWAN Capital LLC acquired a new stake in shares of Oxford Lane Capital in the 4th quarter valued at about $30,000. US Bancorp DE raised its stake in shares of Oxford Lane Capital by 106.1% in the 1st quarter. US Bancorp DE now owns 6,300 shares of the investment management company's stock valued at $30,000 after purchasing an additional 3,243 shares during the period. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Oxford Lane Capital in the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 6.74% of the company's stock.
Oxford Lane Capital Company Profile
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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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