Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report)’s stock price was up 1% during mid-day trading on Monday . The stock traded as high as $5.24 and last traded at $5.22. Approximately 1,321,774 shares traded hands during trading, a decline of 59% from the average daily volume of 3,215,932 shares. The stock had previously closed at $5.17.
Oxford Lane Capital Price Performance
The stock has a market capitalization of $1.25 billion, a P/E ratio of 5.17 and a beta of 1.15. The stock has a fifty day moving average price of $5.35 and a 200 day moving average price of $5.31.
Oxford Lane Capital Announces Dividend
The business also recently declared a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, October 17th. Oxford Lane Capital’s dividend payout ratio is presently 99.01%.
Institutional Trading of Oxford Lane Capital
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.
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