Oxford Lane Capital (NASDAQ:OXLC) Trading Up 0.4% – Should You Buy?

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) traded up 0.4% on Friday . The company traded as high as $5.28 and last traded at $5.26. 622,834 shares changed hands during trading, a decline of 81% from the average session volume of 3,259,446 shares. The stock had previously closed at $5.24.

Oxford Lane Capital Stock Up 0.4 %

The stock has a fifty day moving average of $5.32 and a two-hundred day moving average of $5.32. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 5.21 and a beta of 1.15.

Oxford Lane Capital Announces Dividend

The business also recently declared 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 of this dividend is Thursday, October 17th. Oxford Lane Capital’s dividend payout ratio is presently 99.01%.

Institutional Trading of Oxford Lane Capital

Institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new position in Oxford Lane Capital in the second quarter valued at about $160,000. Founders Financial Alliance LLC raised its holdings in Oxford Lane Capital by 37.6% during the second quarter. Founders Financial Alliance LLC now owns 158,098 shares of the investment management company’s stock worth $857,000 after purchasing an additional 43,170 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Oxford Lane Capital by 74.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 87,426 shares of the investment management company’s stock worth $474,000 after purchasing an additional 37,206 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Oxford Lane Capital by 11.5% in the second quarter. Squarepoint Ops LLC now owns 65,757 shares of the investment management company’s stock valued at $356,000 after purchasing an additional 6,762 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Oxford Lane Capital during the 2nd quarter worth $1,708,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.

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.