Oxford Lane Capital (NASDAQ:OXLC) Shares Up 0.8% – What’s Next?

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s share price shot up 0.8% on Thursday . The company traded as high as $4.66 and last traded at $4.65. 1,024,538 shares changed hands during trading, a decline of 78% from the average session volume of 4,692,620 shares. The stock had previously closed at $4.61.

Oxford Lane Capital Price Performance

The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 5.60 and a beta of 1.17. The firm has a 50 day moving average price of $4.95 and a 200-day moving average price of $5.13.

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

Oxford Lane Capital Dividend Announcement

The company 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 dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 23.23%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 127.71%.

Institutional Investors Weigh In On Oxford Lane Capital

Several institutional investors have recently modified their holdings of the company. SWAN Capital LLC purchased a new stake in Oxford Lane Capital during the 4th quarter worth about $30,000. Lewis Asset Management LLC acquired a new stake in shares of Oxford Lane Capital during the 4th quarter worth about $51,000. Walkner Condon Financial Advisors LLC purchased a new stake in Oxford Lane Capital during the fourth quarter worth approximately $51,000. Choreo LLC acquired a new position in Oxford Lane Capital in the fourth quarter valued at approximately $51,000. Finally, Titleist Asset Management LLC purchased a new position in Oxford Lane Capital in the fourth quarter valued at approximately $51,000. 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.