Oxford Lane Capital (NASDAQ:OXLC) Stock Price Down 0.3% – Here’s What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s stock price dropped 0.3% on Friday . The stock traded as low as $4.34 and last traded at $4.39. Approximately 1,541,156 shares changed hands during trading, a decline of 69% from the average daily volume of 4,996,031 shares. The stock had previously closed at $4.40.

Oxford Lane Capital Price Performance

The company has a market cap of $1.55 billion, a price-to-earnings ratio of 5.42 and a beta of 0.84. The business’s 50-day simple moving average is $4.84 and its 200-day simple moving average is $5.08.

Oxford Lane Capital (NASDAQ:OXLC) last issued 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 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.08 annualized dividend and a yield of 24.03%. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 127.71%.

Institutional Investors Weigh In On Oxford Lane Capital

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Oxford Lane Capital in the 4th quarter worth about $1,079,000. Wedbush Securities Inc. boosted its position in shares of Oxford Lane Capital by 10.0% in the fourth quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company’s stock worth $6,043,000 after acquiring an additional 107,951 shares during the last quarter. Border to Coast Pensions Partnership Ltd grew its holdings in Oxford Lane Capital by 31.7% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock valued at $9,373,000 after purchasing an additional 445,000 shares during the period. Realta Investment Advisors increased its position in Oxford Lane Capital by 15.9% during the fourth quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock worth $5,254,000 after purchasing an additional 141,536 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in Oxford Lane Capital during the fourth quarter worth approximately $290,000. Institutional investors and hedge funds 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.