Oxford Lane Capital (NASDAQ:OXLC) Stock Crosses Above Two Hundred Day Moving Average of $5.29

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.29 and traded as high as $5.38. Oxford Lane Capital shares last traded at $5.36, with a volume of 4,396,000 shares changing hands.

Oxford Lane Capital Stock Up 0.9 %

The firm’s 50 day simple moving average is $5.45 and its 200-day simple moving average is $5.29. The company has a market capitalization of $1.28 billion, a PE ratio of 5.31 and a beta of 1.17.

Oxford Lane Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.08 annualized dividend and a yield of 20.15%. Oxford Lane Capital’s dividend payout ratio is currently 98.02%.

Institutional Investors Weigh In On Oxford Lane Capital

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. acquired a new position in Oxford Lane Capital during the 4th quarter worth approximately $49,000. Hartline Investment Corp acquired a new position in shares of Oxford Lane Capital during the first quarter worth $74,000. Foundations Investment Advisors LLC purchased a new position in shares of Oxford Lane Capital in the fourth quarter valued at $75,000. EverSource Wealth Advisors LLC acquired a new stake in Oxford Lane Capital during the 2nd quarter valued at $89,000. Finally, Maia Wealth LLC purchased a new stake in Oxford Lane Capital during the 2nd quarter worth $95,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.

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.