Oxford Lane Capital (NASDAQ:OXLCO) Stock Price Down 0.7% – Here’s What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLCO) shares were down 0.7% during trading on Wednesday . The company traded as low as $24.03 and last traded at $24.04. Approximately 1,003 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 2,760 shares. The stock had previously closed at $24.22.

Oxford Lane Capital Price Performance

The stock has a 50 day moving average of $23.88 and a 200 day moving average of $23.60.

Oxford Lane Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a $0.125 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Monday, August 17th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Oxford Lane Capital stock. NBC Securities Inc. bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,267 shares of the company’s stock, valued at approximately $76,000.

About Oxford Lane Capital

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.