Oxford Lane Capital (NASDAQ:OXLC) Trading Up 1.4% – Still a Buy?

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s stock price rose 1.4% on Tuesday . The stock traded as high as $4.66 and last traded at $4.67. Approximately 929,886 shares were traded during trading, a decline of 87% from the average daily volume of 7,074,347 shares. The stock had previously closed at $4.60.

Oxford Lane Capital Stock Performance

The company has a 50 day simple moving average of $4.97 and a two-hundred day simple moving average of $5.14. The company has a market cap of $1.61 billion, a PE ratio of 5.61 and a beta of 1.17.

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

Oxford Lane Capital Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, April 16th. Oxford Lane Capital’s dividend payout ratio is currently 127.71%.

Institutional Investors Weigh In On Oxford Lane Capital

A number of large investors 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 worth about $30,000. Lewis Asset Management LLC bought a new stake in Oxford Lane Capital during the fourth quarter worth approximately $51,000. Walkner Condon Financial Advisors LLC acquired a new position in Oxford Lane Capital during the fourth quarter valued at approximately $51,000. Choreo LLC bought a new stake in shares of Oxford Lane Capital during the 4th quarter worth $51,000. Finally, Titleist Asset Management LLC acquired a new position in Oxford Lane Capital in the 4th quarter valued at $51,000. 6.74% of the stock is currently owned by institutional investors.

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.