Oxford Lane Capital (NASDAQ:OXLC) Stock Price Down 0.5% - Here's Why

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) was down 0.5% during mid-day trading on Monday . The company traded as low as $4.67 and last traded at $4.70. Approximately 1,478,212 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 5,145,011 shares. The stock had previously closed at $4.72.

Oxford Lane Capital Stock Down 0.7 %

The stock has a 50 day simple moving average of $4.65 and a 200 day simple moving average of $4.99. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 5.64 and a beta of 0.75.

Oxford Lane Capital Announces Dividend

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

Hedge Funds Weigh In On Oxford Lane Capital

Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Oxford Lane Capital in the 4th quarter valued at about $1,079,000. Wedbush Securities Inc. raised its holdings in shares of Oxford Lane Capital by 10.0% during the fourth quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company's stock valued at $6,043,000 after buying an additional 107,951 shares during the last quarter. Border to Coast Pensions Partnership Ltd boosted its position in shares of Oxford Lane Capital by 31.7% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company's stock worth $9,373,000 after buying an additional 445,000 shares during the period. Realta Investment Advisors grew its holdings in Oxford Lane Capital by 15.9% in the 4th quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company's stock worth $5,254,000 after buying an additional 141,536 shares in the last quarter. Finally, Apollon Wealth Management LLC acquired a new stake in Oxford Lane Capital in the 4th quarter valued at approximately $290,000. Institutional investors and hedge funds 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.

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