Oxford Lane Capital (NASDAQ:OXLC) Trading 2.7% Higher – Here’s What Happened

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) traded up 2.7% during trading on Monday . The stock traded as high as $4.75 and last traded at $4.70. 3,266,898 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 4,680,858 shares. The stock had previously closed at $4.57.

Oxford Lane Capital Price Performance

The stock’s 50 day simple moving average is $5.00 and its two-hundred day simple moving average is $5.15. The stock has a market capitalization of $1.61 billion, a PE ratio of 5.61 and a beta of 1.17.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC boosted its holdings in shares of Oxford Lane Capital by 333.5% in the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock worth $4,874,000 after acquiring an additional 739,506 shares during the period. TrueMark Investments LLC boosted its stake in Oxford Lane Capital by 88.5% in the 4th quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company’s stock worth $5,060,000 after purchasing an additional 468,696 shares during the period. Border to Coast Pensions Partnership Ltd grew its holdings in Oxford Lane Capital by 31.7% during the 4th 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 buying an additional 445,000 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Oxford Lane Capital by 905.9% in the fourth quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company’s stock worth $2,379,000 after buying an additional 422,593 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Oxford Lane Capital by 42.7% in the fourth quarter. LPL Financial LLC now owns 897,345 shares of the investment management company’s stock valued at $4,550,000 after acquiring an additional 268,631 shares during the period. 6.74% of the stock is 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.