Oxford Lane Capital (NASDAQ:OXLC) Trading 0.8% Higher – Time to Buy?

Oxford Lane Capital Corp. (NASDAQ:OXLC) shares were up 0.8% during trading on Thursday . The company traded as high as $4.66 and last traded at $4.65. Approximately 1,024,538 shares were traded during trading, a decline of 78% from the average daily volume of 4,692,620 shares. The stock had previously closed at $4.61.

Oxford Lane Capital Trading Down 0.2 %

The firm has a market capitalization of $1.61 billion, a PE ratio of 5.60 and a beta of 1.17. The company has a fifty day moving average price of $4.95 and a two-hundred day moving average price of $5.13.

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

Oxford Lane Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 23.23%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital’s dividend payout ratio is currently 127.71%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd increased its position in Oxford Lane Capital by 37.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 26,724 shares of the investment management company’s stock valued at $140,000 after acquiring an additional 7,248 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Oxford Lane Capital by 16.5% in the third quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company’s stock valued at $143,000 after purchasing an additional 3,865 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in shares of Oxford Lane Capital during the third quarter worth $777,000. Captrust Financial Advisors increased its stake in Oxford Lane Capital by 31.1% in the 3rd quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock valued at $71,000 after buying an additional 3,229 shares during the period. Finally, L.M. Kohn & Company purchased a new position in Oxford Lane Capital during the 3rd quarter worth $175,000. 6.74% of the stock is currently owned by institutional investors and hedge funds.

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.