Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) traded up 2.7% on Wednesday . The company traded as high as $4.55 and last traded at $4.50. 1,388,554 shares were traded during trading, a decline of 73% from the average session volume of 5,071,527 shares. The stock had previously closed at $4.38.
Oxford Lane Capital Stock Performance
The company has a fifty day moving average of $4.69 and a two-hundred day moving average of $5.01. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 5.51 and a beta of 0.84.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last announced its earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.39).
Oxford Lane Capital Announces Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be given a $0.09 dividend. The ex-dividend date is Wednesday, April 16th. This represents a dividend yield of 24.43%. Oxford Lane Capital's payout ratio is 128.92%.
Hedge Funds Weigh In On Oxford Lane Capital
Hedge funds have recently added to or reduced their stakes in the stock. SWAN Capital LLC acquired a new position in shares of Oxford Lane Capital in the 4th quarter valued at approximately $30,000. Insigneo Advisory Services LLC bought a new stake in shares of Oxford Lane Capital during the 1st quarter valued at approximately $47,000. Quilter Plc bought a new stake in shares of Oxford Lane Capital during the 1st quarter valued at approximately $47,000. Cornell Pochily Investment Advisors Inc. bought a new position in Oxford Lane Capital in the 1st quarter valued at approximately $48,000. Finally, Lewis Asset Management LLC acquired a new stake in Oxford Lane Capital in the fourth quarter valued at approximately $51,000. 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.
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