Oxford Lane Capital (NASDAQ:OXLC) Stock Price Up 1%

Oxford Lane Capital Corp. (NASDAQ:OXLC)’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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in Oxford Lane Capital by 198.1% during the second quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company’s stock valued at $2,680,000 after buying an additional 328,553 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Oxford Lane Capital in the second quarter valued at approximately $1,708,000. TrueMark Investments LLC bought a new stake in Oxford Lane Capital during the second quarter valued at approximately $1,643,000. Wedbush Securities Inc. grew its stake in Oxford Lane Capital by 36.4% in the 2nd quarter. Wedbush Securities Inc. now owns 1,016,222 shares of the investment management company’s stock worth $5,508,000 after buying an additional 271,369 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of Oxford Lane Capital by 174.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 145,964 shares of the investment management company’s stock worth $791,000 after buying an additional 92,741 shares during the last quarter. 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.