Oxford Lane Capital (NASDAQ:OXLC) Stock Price Up 1.5% - What's Next?

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shares were up 1.5% during mid-day trading on Thursday . The company traded as high as $4.57 and last traded at $4.55. Approximately 1,505,270 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 5,078,130 shares. The stock had previously closed at $4.48.

Oxford Lane Capital Stock Up 0.9 %

The stock has a 50-day simple moving average of $4.69 and a 200 day simple moving average of $5.01. The company has a market cap of $1.59 billion, a PE ratio of 5.55 and a beta of 0.84.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be paid a $0.09 dividend. This represents a dividend yield of 24.43%. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital's payout ratio is presently 128.92%.

Institutional Trading of Oxford Lane Capital

A number of large investors have recently made changes to their positions in OXLC. Merkkuri Wealth Advisors LLC grew its holdings in Oxford Lane Capital by 20.8% during the 4th quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company's stock worth $62,000 after acquiring an additional 2,100 shares in the last quarter. Mutual Advisors LLC grew its stake in shares of Oxford Lane Capital by 8.3% during the first quarter. Mutual Advisors LLC now owns 29,014 shares of the investment management company's stock worth $133,000 after purchasing an additional 2,221 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Oxford Lane Capital by 16.8% in the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 21,184 shares of the investment management company's stock valued at $99,000 after buying an additional 3,045 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Oxford Lane Capital by 5.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,910 shares of the investment management company's stock worth $304,000 after buying an additional 3,125 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of Oxford Lane Capital by 38.8% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 11,442 shares of the investment management company's stock worth $54,000 after acquiring an additional 3,200 shares in the last quarter. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Lane Capital Company Profile

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.