Oxford Lane Capital (NASDAQ:OXLCN) Shares Down 0.3% – Here’s What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLCNGet Free Report)’s share price dropped 0.3% during mid-day trading on Wednesday . The company traded as low as $24.73 and last traded at $24.7340. Approximately 2,868 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 3,160 shares. The stock had previously closed at $24.80.

Oxford Lane Capital Stock Up 0.6%

The firm’s fifty day moving average price is $24.80 and its 200 day moving average price is $24.57.

Oxford Lane Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.1484 per share. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Monday, August 17th.

Institutional Investors Weigh In On Oxford Lane Capital

An institutional investor recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCNFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital makes up approximately 3.0% of Karpus Management Inc.’s portfolio, making the stock its 11th largest position.

About Oxford Lane Capital

(Get Free Report)

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.

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