Oxford Lane Capital (NASDAQ:OXLC) Trading Up 1%

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s stock price shot up 1% during trading on Monday . The stock traded as high as $5.24 and last traded at $5.22. 1,321,774 shares changed hands during trading, a decline of 59% from the average session volume of 3,215,932 shares. The stock had previously closed at $5.17.

Oxford Lane Capital Stock Up 1.4 %

The firm has a 50 day moving average price of $5.35 and a 200 day moving average price of $5.31. The stock has a market capitalization of $1.25 billion, a PE ratio of 5.17 and a beta of 1.15.

Oxford Lane Capital Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.09 dividend. The ex-dividend date is Thursday, October 17th. Oxford Lane Capital’s dividend payout ratio is currently 99.01%.

Institutional Investors Weigh In On Oxford Lane Capital

A number of institutional investors have recently added to or reduced their stakes in the company. Hartline Investment Corp bought a new position in shares of Oxford Lane Capital in the first quarter valued at approximately $74,000. EverSource Wealth Advisors LLC bought a new stake in shares of Oxford Lane Capital during the 2nd quarter worth $89,000. Maia Wealth LLC purchased a new position in shares of Oxford Lane Capital in the 2nd quarter worth about $95,000. Nomura Holdings Inc. purchased a new stake in Oxford Lane Capital during the fourth quarter worth about $96,000. Finally, Essex Financial Services Inc. boosted its stake in Oxford Lane Capital by 41.7% in the second quarter. Essex Financial Services Inc. now owns 24,089 shares of the investment management company’s stock valued at $131,000 after acquiring an additional 7,089 shares during the last quarter. 6.74% of the stock is owned by 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.