Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s stock price rose 1.9% on Tuesday . The company traded as high as $4.57 and last traded at $4.56. Approximately 2,107,223 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 5,012,650 shares. The stock had previously closed at $4.47.
Oxford Lane Capital Trading Down 0.9 %
The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 5.28 and a beta of 0.84. The firm's 50 day simple moving average is $4.76 and its 200-day simple moving average is $5.04.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last announced 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 Dividend Announcement
The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, April 16th. This represents a yield of 24.43%. Oxford Lane Capital's payout ratio is currently 127.71%.
Institutional Investors Weigh In On Oxford Lane Capital
A number of hedge funds and other institutional investors have recently modified their holdings of OXLC. SWAN Capital LLC acquired a new position in Oxford Lane Capital during the fourth quarter worth $30,000. Insigneo Advisory Services LLC acquired a new stake in Oxford Lane Capital in the 1st quarter valued at about $47,000. Cornell Pochily Investment Advisors Inc. acquired a new stake in Oxford Lane Capital in the 1st quarter valued at about $48,000. Lewis Asset Management LLC purchased a new position in Oxford Lane Capital during the 4th quarter valued at about $51,000. Finally, Walkner Condon Financial Advisors LLC acquired a new position in Oxford Lane Capital during the fourth quarter worth about $51,000. 6.74% of the stock is currently owned by institutional investors and hedge funds.
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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