Oxford Lane Capital Corp. (OXLC) to Issue Monthly Dividend of $0.10 on March 31st

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Thursday, November 5th. Stockholders of record on Wednesday, March 17th will be given a dividend of $0.10 per share by the investment management company on Wednesday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 24.4%. The ex-dividend date of this dividend is Wednesday, March 17th.

Oxford Lane Capital has a dividend payout ratio of 290.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Oxford Lane Capital Stock Performance

Shares of OXLC stock opened at $4.92 on Friday. The firm has a market capitalization of $482.31 million, a price-to-earnings ratio of 0.72 and a beta of 0.68. Oxford Lane Capital has a one year low of $4.62 and a one year high of $15.39. The company has a 50 day moving average price of $8.29 and a 200 day moving average price of $9.31.

Oxford Lane Capital (NASDAQ:OXLC) last released its quarterly earnings results on Thursday, November 5th. The investment management company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.13). The firm had revenue of $82.20 million for the quarter, compared to the consensus estimate of $176.68 million.

Hedge Funds Weigh In On Oxford Lane Capital

Large investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new stake in Oxford Lane Capital during the 2nd quarter worth approximately $35,000. WPG Advisers LLC raised its stake in Oxford Lane Capital by 79.6% during the first quarter. WPG Advisers LLC now owns 3,914 shares of the investment management company’s stock worth $38,000 after purchasing an additional 1,735 shares during the period. Legacy Wealth Managment LLC ID boosted its stake in shares of Oxford Lane Capital by 20.9% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 6,010 shares of the investment management company’s stock valued at $59,000 after buying an additional 1,040 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Oxford Lane Capital by 62.8% during the first quarter. EverSource Wealth Advisors LLC now owns 7,000 shares of the investment management company’s stock worth $68,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. grew its stake in Oxford Lane Capital by 21,500.0% in the 2nd quarter. Strategic Wealth Partners Ltd. now owns 8,640 shares of the investment management company’s stock worth $76,000 after acquiring an additional 8,600 shares during the period. 6.74% of the stock is owned by hedge funds and other institutional investors.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. (NASDAQ: OXLC) is a closed-end management investment company focused primarily on investments in collateralized loan obligations (CLOs). CLOs are structured credit vehicles that typically hold portfolios of senior secured corporate loans and issue multiple classes of debt and equity securities with different levels of risk and return.

The company invests mainly in CLO equity and subordinated debt tranches, as well as selected senior secured loan and other corporate credit investments.