Oxford Lane Capital (NASDAQ:OXLC) Trading Down 0.8% – Time to Sell?

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) fell 0.8% during trading on Wednesday . The stock traded as low as $4.61 and last traded at $4.63. 1,081,717 shares were traded during trading, a decline of 77% from the average session volume of 4,683,995 shares. The stock had previously closed at $4.66.

Oxford Lane Capital Trading Down 0.2 %

The company has a market cap of $1.61 billion, a PE ratio of 5.60 and a beta of 1.17. The business’s 50 day moving average is $4.96 and its two-hundred day moving average is $5.13.

Oxford Lane Capital (NASDAQ:OXLC) last released its quarterly earnings data 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 monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 23.23%. The ex-dividend date is Tuesday, September 16th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 127.71%.

Hedge Funds Weigh In On Oxford Lane Capital

Several institutional investors have recently bought and sold shares of OXLC. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Oxford Lane Capital by 37.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 26,724 shares of the investment management company’s stock valued at $140,000 after purchasing an additional 7,248 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Oxford Lane Capital by 16.5% in the third quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company’s stock worth $143,000 after buying an additional 3,865 shares in the last quarter. National Wealth Management Group LLC bought a new position in Oxford Lane Capital during the third quarter valued at approximately $54,000. Rockefeller Capital Management L.P. purchased a new position in Oxford Lane Capital during the 3rd quarter valued at approximately $777,000. Finally, Captrust Financial Advisors increased its stake in Oxford Lane Capital by 31.1% in the 3rd quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock worth $71,000 after acquiring an additional 3,229 shares during the last quarter. 6.74% of the stock is owned by hedge funds and other 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.