Oxford Lane Capital (NASDAQ:OXLC) Stock Price Up 0.1% Following Dividend Announcement

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s stock price rose 0.1% during trading on Monday after the company announced a dividend. The stock traded as high as $4.65 and last traded at $4.66. Approximately 2,007,104 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 4,710,929 shares. The stock had previously closed at $4.65.

The newly announced dividend which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 22.45%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 127.71%.

Oxford Lane Capital Trading Up 1.9 %

The company’s fifty day simple moving average is $4.94 and its 200 day simple moving average is $5.12. The stock has a market capitalization of $1.66 billion, a P/E ratio of 5.80 and a beta of 1.17.

Oxford Lane Capital (NASDAQ:OXLC) last posted 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).

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of OXLC. SWAN Capital LLC purchased a new stake in Oxford Lane Capital in the fourth quarter valued at approximately $30,000. Waverly Advisors LLC bought a new stake in shares of Oxford Lane Capital during the 4th quarter worth $75,000. CoreCap Advisors LLC grew its position in Oxford Lane Capital by 91.3% in the fourth quarter. CoreCap Advisors LLC now owns 46,272 shares of the investment management company’s stock worth $235,000 after acquiring an additional 22,090 shares in the last quarter. Captrust Financial Advisors increased its stake in Oxford Lane Capital by 62.0% in the fourth quarter. Captrust Financial Advisors now owns 22,074 shares of the investment management company’s stock valued at $112,000 after acquiring an additional 8,446 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake in Oxford Lane Capital by 333.5% during the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock worth $4,874,000 after purchasing an additional 739,506 shares during the last quarter. Hedge funds and other 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.