Oxford Lane Capital (NASDAQ:OXLC) Shares Down 2.4% - Here's What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s share price fell 2.4% during trading on Monday . The company traded as low as $4.25 and last traded at $4.28. 2,801,913 shares traded hands during trading, a decline of 45% from the average session volume of 5,070,526 shares. The stock had previously closed at $4.38.

Oxford Lane Capital Price Performance

The company has a market cap of $1.58 billion, a price-to-earnings ratio of 5.51 and a beta of 0.84. The stock has a 50 day simple moving average of $4.69 and a two-hundred day simple moving average of $5.02.

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

Oxford Lane Capital Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OXLC. Merkkuri Wealth Advisors LLC grew its holdings in shares of Oxford Lane Capital by 20.8% during the 4th 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 period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Oxford Lane Capital by 16.8% during the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 21,184 shares of the investment management company's stock valued at $99,000 after acquiring an additional 3,045 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Oxford Lane Capital by 5.5% in 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 acquiring an additional 3,125 shares during the period. GPS Wealth Strategies Group LLC lifted its holdings in shares of Oxford Lane Capital by 38.8% in 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. Finally, Sage Capital Advisors llc boosted its position in shares of Oxford Lane Capital by 7.4% during the 1st quarter. Sage Capital Advisors llc now owns 68,663 shares of the investment management company's stock worth $324,000 after purchasing an additional 4,750 shares during the period. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

About Oxford Lane Capital

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.