Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s share price was down 0.5% during trading on Monday . The stock 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 Up 0.8 %
The stock has a 50 day moving average price of $4.62 and a two-hundred day moving average price of $4.98. The company has a market cap of $1.65 billion, a P/E ratio of 5.76 and a beta of 0.75.
Oxford Lane Capital Dividend Announcement
The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a dividend yield of 24.43%. Oxford Lane Capital's payout ratio is presently 128.92%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Parisi Gray Wealth Management bought a new position in Oxford Lane Capital during the 4th quarter worth $101,000. Capital CS Group LLC bought a new stake in Oxford Lane Capital during the fourth quarter worth about $156,000. Border to Coast Pensions Partnership Ltd increased its holdings in Oxford Lane Capital by 31.7% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company's stock valued at $9,373,000 after buying an additional 445,000 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Oxford Lane Capital in the 4th quarter valued at approximately $148,000. Finally, Mutual Advisors LLC bought a new stake in shares of Oxford Lane Capital during the 4th quarter worth approximately $138,000. Institutional investors and hedge funds 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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