Oxford Lane Capital (NASDAQ:OXLC) Stock Price Up 0.2%

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s stock price was up 0.2% during mid-day trading on Tuesday . The stock traded as high as $5.27 and last traded at $5.25. Approximately 844,020 shares were traded during trading, a decline of 74% from the average daily volume of 3,217,930 shares. The stock had previously closed at $5.24.

Oxford Lane Capital Stock Down 0.6 %

The business has a 50-day moving average of $5.34 and a 200-day moving average of $5.32. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 5.20 and a beta of 1.15.

Oxford Lane Capital Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, October 17th. Oxford Lane Capital’s payout ratio is 99.01%.

Institutional Trading of Oxford Lane Capital

Institutional investors have recently added to or reduced their stakes in the business. &PARTNERS lifted its stake in shares of Oxford Lane Capital by 1.9% in the 2nd quarter. &PARTNERS now owns 268,366 shares of the investment management company’s stock valued at $1,455,000 after purchasing an additional 5,055 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of Oxford Lane Capital by 11.5% in the second quarter. Squarepoint Ops LLC now owns 65,757 shares of the investment management company’s stock worth $356,000 after buying an additional 6,762 shares during the last quarter. Essex Financial Services Inc. boosted its stake in shares of Oxford Lane Capital by 41.7% during the 2nd quarter. Essex Financial Services Inc. now owns 24,089 shares of the investment management company’s stock worth $131,000 after acquiring an additional 7,089 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Oxford Lane Capital by 14.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 57,689 shares of the investment management company’s stock valued at $285,000 after acquiring an additional 7,469 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Oxford Lane Capital by 8.2% in the 1st quarter. Private Advisor Group LLC now owns 122,871 shares of the investment management company’s stock valued at $624,000 after acquiring an additional 9,299 shares in the last quarter. 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.