Oxford Lane Capital (NASDAQ:OXLC) Trading 1.3% Higher - Still a Buy?

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shot up 1.3% during mid-day trading on Tuesday . The company traded as high as $4.35 and last traded at $4.33. 1,007,014 shares changed hands during trading, a decline of 80% from the average session volume of 5,066,491 shares. The stock had previously closed at $4.27.

Oxford Lane Capital Price Performance

The business's 50 day moving average price is $4.69 and its 200 day moving average price is $5.01. The stock has a market capitalization of $1.58 billion, a P/E ratio of 5.51 and a beta of 0.84.

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

Oxford Lane Capital Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Border to Coast Pensions Partnership Ltd grew its stake in shares of Oxford Lane Capital by 18.9% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 2,200,000 shares of the investment management company's stock valued at $10,384,000 after purchasing an additional 350,000 shares during the period. Wedbush Securities Inc. boosted its holdings in shares of Oxford Lane Capital by 10.0% in the fourth quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company's stock worth $6,043,000 after buying an additional 107,951 shares during the last quarter. Realta Investment Advisors grew its position in Oxford Lane Capital by 15.9% during the fourth quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company's stock valued at $5,254,000 after buying an additional 141,536 shares during the period. TrueMark Investments LLC increased its holdings in Oxford Lane Capital by 88.5% during the fourth quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company's stock valued at $5,060,000 after buying an additional 468,696 shares during the last quarter. Finally, Citadel Advisors LLC raised its position in Oxford Lane Capital by 333.5% in the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company's stock worth $4,874,000 after acquiring an additional 739,506 shares during the period. 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.