Oxford Lane Capital (NASDAQ:OXLC) Shares Up 1.4% – Here’s What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s stock price rose 1.4% during mid-day trading on Tuesday . The company 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 Up 1.0 %

The stock has a market capitalization of $1.61 billion, a P/E ratio of 5.61 and a beta of 1.17. The firm’s 50-day simple moving average is $4.97 and its 200 day simple moving average is $5.14.

Oxford Lane Capital (NASDAQ:OXLC) last released 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 business also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.09 dividend. 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

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

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.