Oxford Lane Capital (NASDAQ:OXLC) Trading 0.8% Higher – Time to Buy?

Oxford Lane Capital Corp. (NASDAQ:OXLC) shares traded up 0.8% during trading on Thursday . The stock traded as high as $4.35 and last traded at $4.34. 3,163,534 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 4,623,754 shares. The stock had previously closed at $4.30.

Oxford Lane Capital Trading Up 1.3 %

The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 5.25 and a beta of 1.17. The firm has a fifty day moving average price of $5.03 and a 200 day moving average price of $5.16.

Oxford Lane Capital (NASDAQ:OXLC) last announced its earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.09 dividend. The ex-dividend date is Wednesday, April 16th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 126.51%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. SWAN Capital LLC bought a new position in Oxford Lane Capital in the 4th quarter worth approximately $30,000. Waverly Advisors LLC bought a new stake in shares of Oxford Lane Capital during the 4th quarter valued at $75,000. CoreCap Advisors LLC raised its position in shares of Oxford Lane Capital by 91.3% during the 4th quarter. CoreCap Advisors LLC now owns 46,272 shares of the investment management company’s stock valued at $235,000 after acquiring an additional 22,090 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Oxford Lane Capital by 62.0% during the 4th 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 raised its position in shares of Oxford Lane Capital by 333.5% during the 4th quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock valued at $4,874,000 after acquiring an additional 739,506 shares during the last quarter. 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.