Oxford Lane Capital (NASDAQ:OXLC) Stock Price Up 1.4% – What’s Next?

Oxford Lane Capital Corp. (NASDAQ:OXLC) shares traded up 1.4% during trading on Tuesday . The stock traded as high as $4.66 and last traded at $4.67. 929,886 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 7,074,347 shares. The stock had previously closed at $4.60.

Oxford Lane Capital Stock Performance

The firm has a market capitalization of $1.61 billion, a P/E ratio of 5.60 and a beta of 1.17. The company has a 50-day simple moving average of $4.99 and a two-hundred day simple moving average of $5.14.

Oxford Lane Capital (NASDAQ:OXLC) last issued its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.09 dividend. The ex-dividend date is Wednesday, April 16th. Oxford Lane Capital’s dividend payout ratio is currently 127.71%.

Institutional Investors Weigh In On Oxford Lane Capital

Hedge funds have recently added to or reduced their stakes in the stock. SWAN Capital LLC purchased a new position in shares of Oxford Lane Capital in the 4th quarter worth about $30,000. Lewis Asset Management LLC purchased a new position in Oxford Lane Capital in the fourth quarter worth about $51,000. Titleist Asset Management LLC bought a new position in shares of Oxford Lane Capital in the fourth quarter worth approximately $51,000. Choreo LLC purchased a new stake in shares of Oxford Lane Capital during the fourth quarter valued at approximately $51,000. Finally, Walkner Condon Financial Advisors LLC bought a new stake in shares of Oxford Lane Capital during the fourth quarter valued at approximately $51,000. 6.74% of the stock is owned by institutional investors.

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.