Oxford Lane Capital (NASDAQ:OXLC) Issues Earnings Results

Oxford Lane Capital (NASDAQ:OXLC) announced its quarterly earnings results on Monday. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.39), Zacks reports.

Oxford Lane Capital Trading Down 0.3 %

OXLC traded down $0.02 during trading hours on Monday, hitting $5.11. The company’s stock had a trading volume of 776,886 shares, compared to its average volume of 4,459,799. Oxford Lane Capital has a fifty-two week low of $4.95 and a fifty-two week high of $5.78. The company has a 50-day simple moving average of $5.16 and a 200 day simple moving average of $5.28. The firm has a market capitalization of $1.77 billion, a PE ratio of 3.65 and a beta of 1.15.

Oxford Lane Capital Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 20th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a dividend yield of 21.26%. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 74.29%.

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.