Oxford Lane Capital (NASDAQ:OXLCP) Stock Price Up 0% – Here’s What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLCP) shares shot up 0% during mid-day trading on Monday . The stock traded as high as $24.57 and last traded at $24.57. 8,562 shares were traded during mid-day trading, an increase of 34% from the average session volume of 6,388 shares. The stock had previously closed at $24.56.

Oxford Lane Capital Stock Performance

The company’s 50-day moving average is $24.42 and its 200 day moving average is $24.32.

Oxford Lane Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a dividend of $0.1302 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a c) annualized dividend and a dividend yield of 6.4%.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Resources Management Corp CT ADV bought a new position in Oxford Lane Capital Corp. (NASDAQ:OXLCP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,200 shares of the company’s stock, valued at approximately $320,000.

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.