Oxford Lane Capital (NASDAQ:OXLC) Shares Down 0.1% - Here's What Happened

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) fell 0.1% during trading on Friday . The company traded as low as $4.51 and last traded at $4.54. 1,010,256 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 7,016,190 shares. The stock had previously closed at $4.54.

Oxford Lane Capital Stock Up 0.7 %

The business's 50-day moving average price is $4.68 and its 200 day moving average price is $5.01. The company has a market capitalization of $1.61 billion, a P/E ratio of 5.59 and a beta of 0.84.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

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

Institutional Trading of Oxford Lane Capital

Several institutional investors and hedge funds have recently modified their holdings of the business. Merkkuri Wealth Advisors LLC increased its position in shares of Oxford Lane Capital by 20.8% in the fourth quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company's stock worth $62,000 after purchasing an additional 2,100 shares during the last quarter. Mutual Advisors LLC grew its stake in Oxford Lane Capital by 8.3% in the 1st quarter. Mutual Advisors LLC now owns 29,014 shares of the investment management company's stock worth $133,000 after buying an additional 2,221 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Oxford Lane Capital by 16.8% in the 1st quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 21,184 shares of the investment management company's stock worth $99,000 after buying an additional 3,045 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of 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 valued at $304,000 after buying an additional 3,125 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its holdings 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 during the last quarter. Hedge funds and other institutional investors own 6.74% of the company's stock.

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.