Oxford Lane Capital (NASDAQ:OXLC) Stock Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Oxford Lane Capital shares moved above their 200-day moving average, reaching $9.58 and last trading at $9.54, compared with the average of $9.32.
• The company reported disappointing quarterly results, with EPS of $0.95 versus the $2.26 consensus estimate and revenue of $166.25 million versus expectations of $244.27 million.
• Oxford Lane declared a monthly dividend of $0.20 per share, representing an annualized yield of approximately 25.2%; institutional investors own 6.74% of the stock.

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.32 and traded as high as $9.58. Oxford Lane Capital shares last traded at $9.54, with a volume of 668,348 shares traded.

Oxford Lane Capital Stock Performance

The firm has a market cap of $935.21 million, a PE ratio of 1.37 and a beta of 0.64. The firm has a fifty day simple moving average of $9.26 and a two-hundred day simple moving average of $9.32.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The investment management company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.26 by ($1.31). The firm had revenue of $166.25 million during the quarter, compared to analyst estimates of $244.27 million.

Oxford Lane Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be given a $0.20 dividend. This represents a c) annualized dividend and a yield of 25.2%. The ex-dividend date is Thursday, December 17th. Oxford Lane Capital's payout ratio is currently 51.87%.

Hedge Funds Weigh In On Oxford Lane Capital

Several institutional investors have recently bought and sold shares of OXLC. Kohlberg Kravis Roberts & Co. L.P. bought a new stake in shares of Oxford Lane Capital in the 1st quarter valued at approximately $31,171,000. Polar Asset Management Partners Inc. bought a new position in shares of Oxford Lane Capital during the 1st quarter valued at approximately $19,560,000. Saba Capital Management L.P. bought a new position in shares of Oxford Lane Capital during the 1st quarter valued at approximately $18,114,000. Citadel Advisors LLC raised its holdings in Oxford Lane Capital by 48.9% during the 2nd quarter. Citadel Advisors LLC now owns 1,703,401 shares of the investment management company's stock valued at $14,922,000 after buying an additional 559,421 shares during the period. Finally, Delphi Financial Group Inc. purchased a new stake in Oxford Lane Capital during the 4th quarter valued at $2,123,000. Institutional investors own 6.74% of the company's stock.

About Oxford Lane Capital

Oxford Lane Capital Corp. NASDAQ: OXLC is a publicly traded, non-diversified closed-end management investment company. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing primarily in collateralized loan obligations (CLOs).

Oxford Lane focuses mainly on the equity and junior debt tranches of CLOs, which are investment vehicles backed by pools of corporate loans. Its portfolio may also include senior secured loans, corporate debt securities and other structured finance investments.

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