Oxford Lane Capital (NASDAQ:OXLC) Stock Price Up 0.8% – Here’s Why

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) traded up 0.8% on Thursday . The stock traded as high as $4.66 and last traded at $4.65. 1,024,538 shares traded hands during trading, a decline of 78% from the average session volume of 4,692,620 shares. The stock had previously closed at $4.61.

Oxford Lane Capital Price Performance

The company’s 50-day moving average is $4.97 and its 200-day moving average is $5.14. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 5.63 and a beta of 1.17.

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

Oxford Lane Capital Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders 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%.

Institutional Inflows and Outflows

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