Oxford Lane Capital (NASDAQ:OXLC) Trading Up 2.7% – Here’s Why

Oxford Lane Capital Corp. (NASDAQ:OXLC) shares traded up 2.7% during trading on Monday . The company traded as high as $4.75 and last traded at $4.70. 3,266,898 shares changed hands during trading, a decline of 30% from the average session volume of 4,680,858 shares. The stock had previously closed at $4.57.

Oxford Lane Capital Price Performance

The stock has a market cap of $1.61 billion, a P/E ratio of 5.61 and a beta of 1.17. The firm’s fifty day moving average price is $5.00 and its two-hundred day moving average price is $5.15.

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

Oxford Lane Capital Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, April 16th. Oxford Lane Capital’s dividend payout ratio is currently 127.71%.

Hedge Funds Weigh In On Oxford Lane Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SWAN Capital LLC bought a new stake in shares of Oxford Lane Capital during the 4th quarter worth $30,000. Lewis Asset Management LLC bought a new stake in Oxford Lane Capital during the fourth quarter worth about $51,000. Walkner Condon Financial Advisors LLC purchased a new position in shares of Oxford Lane Capital in the 4th quarter worth about $51,000. Choreo LLC bought a new position in shares of Oxford Lane Capital during the 4th quarter valued at about $51,000. Finally, Titleist Asset Management LLC purchased a new position in shares of Oxford Lane Capital during the 4th quarter valued at about $51,000. 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.