Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Trading Up 0.6% – Still a Buy?

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCLGet Free Report)’s stock price shot up 0.6% on Friday . The stock traded as high as $23.65 and last traded at $23.65. 5,111 shares traded hands during trading, an increase of 79% from the average session volume of 2,855 shares. The stock had previously closed at $23.50.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

The firm’s fifty day moving average price is $23.77 and its 200-day moving average price is $23.95.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th were paid a $0.4219 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.69 annualized dividend and a yield of 7.14%.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile

(Get Free Report)

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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