Oxford Lane Capital (NASDAQ:OXLC) Stock Price Up 1% After Dividend Announcement

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) were up 1% during trading on Thursday following a dividend announcement from the company. The company traded as high as $4.48 and last traded at $4.47. Approximately 890,268 shares were traded during trading, a decline of 82% from the average daily volume of 5,027,804 shares. The stock had previously closed at $4.42.

The newly announced dividend which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be issued a dividend of $0.09 per share. This represents a yield of 24.43%. The ex-dividend date is Wednesday, April 16th. Oxford Lane Capital’s dividend payout ratio (DPR) is 127.71%.

Oxford Lane Capital Stock Down 0.9 %

The stock has a 50-day simple moving average of $4.76 and a 200-day simple moving average of $5.04. The firm has a market capitalization of $1.52 billion, a PE ratio of 5.28 and a beta of 0.84.

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 for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Institutional Trading of Oxford Lane Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. Insigneo Advisory Services LLC bought a new position in Oxford Lane Capital in the 1st quarter worth approximately $47,000. Cornell Pochily Investment Advisors Inc. purchased a new stake in shares of Oxford Lane Capital during the first quarter worth $48,000. Partners Wealth Management LLC boosted its holdings in shares of Oxford Lane Capital by 14.7% in the first quarter. Partners Wealth Management LLC now owns 46,702 shares of the investment management company’s stock worth $220,000 after acquiring an additional 6,000 shares during the period. GPS Wealth Strategies Group LLC grew its position in shares of Oxford Lane Capital by 38.8% in the first quarter. GPS Wealth Strategies Group LLC now owns 11,442 shares of the investment management company’s stock valued at $54,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Parisi Gray Wealth Management raised its stake in shares of Oxford Lane Capital by 60.0% during the 1st quarter. Parisi Gray Wealth Management now owns 32,000 shares of the investment management company’s stock valued at $151,000 after purchasing an additional 12,000 shares during the period. 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.