Oxford Lane Capital (NASDAQ:OXLC) Shares Down 0% – Should You Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s share price traded down 0% on Wednesday . The company traded as low as $4.40 and last traded at $4.46. 1,474,622 shares were traded during mid-day trading, a decline of 71% from the average session volume of 5,021,517 shares. The stock had previously closed at $4.46.

Oxford Lane Capital Price Performance

The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 5.33 and a beta of 0.84. The business’s fifty day moving average price is $4.80 and its 200-day moving average price is $5.06.

Oxford Lane Capital (NASDAQ:OXLC) last issued its quarterly earnings data 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 disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 24.43%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 127.71%.

Institutional Trading of Oxford Lane Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors boosted its holdings in Oxford Lane Capital by 31.1% during the third quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock worth $71,000 after purchasing an additional 3,229 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Oxford Lane Capital by 75.9% in the 3rd quarter. HighTower Advisors LLC now owns 23,232 shares of the investment management company’s stock worth $121,000 after buying an additional 10,026 shares during the last quarter. McIlrath & Eck LLC bought a new position in shares of Oxford Lane Capital in the third quarter valued at approximately $55,000. Virtu Financial LLC purchased a new stake in shares of Oxford Lane Capital during the third quarter valued at approximately $157,000. Finally, Silverleafe Capital Partners LLC lifted its holdings in Oxford Lane Capital by 28.7% during the fourth quarter. Silverleafe Capital Partners LLC now owns 39,513 shares of the investment management company’s stock worth $200,000 after acquiring an additional 8,820 shares during the period. Hedge funds and other institutional investors 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.