Oxford Lane Capital (NASDAQ:OXLCO) Trading Down 0.4% – Here’s What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLCOGet Free Report)’s share price dropped 0.4% on Friday . The stock traded as low as $24.05 and last traded at $23.9660. Approximately 3,494 shares were traded during mid-day trading, an increase of 35% from the average session volume of 2,580 shares. The stock had previously closed at $24.07.

Oxford Lane Capital Trading Down 0.4%

The company’s 50-day moving average price is $23.99 and its 200-day moving average price is $23.76.

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a c) dividend on an annualized basis and a yield of 6.3%.

Institutional Trading of Oxford Lane Capital

A hedge fund recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCOFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital makes up approximately 2.5% of Karpus Management Inc.’s investment portfolio, making the stock its 14th largest holding.

Oxford Lane Capital Company Profile

(Get Free Report)

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.

Further Reading

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