Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) was up 1.2% during mid-day trading on Friday . The stock traded as high as $4.71 and last traded at $4.71. 1,154,137 shares were traded during trading, a decline of 77% from the average session volume of 5,118,766 shares. The stock had previously closed at $4.65.
Oxford Lane Capital Stock Performance
The firm's 50-day simple moving average is $4.64 and its two-hundred day simple moving average is $4.99. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 5.64 and a beta of 0.75.
Oxford Lane Capital Dividend Announcement
The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were issued a dividend of $0.09 per share. This represents a yield of 24.43%. The ex-dividend date of this dividend was Wednesday, April 16th. Oxford Lane Capital's dividend payout ratio is 128.92%.
Hedge Funds Weigh In On Oxford Lane Capital
Several large investors have recently made changes to their positions in the company. SWAN Capital LLC acquired a new position in shares of Oxford Lane Capital in the 4th quarter valued at $30,000. Lewis Asset Management LLC bought a new position in Oxford Lane Capital during the fourth quarter worth about $51,000. Titleist Asset Management LLC acquired a new stake in shares of Oxford Lane Capital in the fourth quarter valued at approximately $51,000. Insigneo Advisory Services LLC bought a new position in Oxford Lane Capital during the 1st quarter worth $47,000. Finally, Quilter Plc bought a new stake in shares of Oxford Lane Capital during the 1st quarter valued at $47,000. Institutional investors and hedge funds own 6.74% of the company's stock.
Oxford Lane Capital Company Profile
(
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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