Oxford Lane Capital (NASDAQ:OXLCP) Shares Down 0.2% – Here’s Why

Oxford Lane Capital Corp. (NASDAQ:OXLCP)’s share price was down 0.2% during mid-day trading on Friday . The company traded as low as $24.54 and last traded at $24.55. Approximately 1,298 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 6,218 shares. The stock had previously closed at $24.60.

Oxford Lane Capital Stock Down 0.2%

The stock has a 50 day moving average of $24.52 and a 200 day moving average of $24.42.

Oxford Lane Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.1302 per share. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Friday, February 13th.

Institutional Investors Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Resources Management Corp CT ADV acquired a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,200 shares of the company’s stock, valued at approximately $320,000.

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.