Oxford Lane Capital (NASDAQ:OXLCI) Trading Up 0.1% – Here’s What Happened

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCI) traded up 0.1% on Thursday . The stock traded as high as $25.68 and last traded at $25.64. 1,780 shares traded hands during trading, a decline of 72% from the average session volume of 6,310 shares. The stock had previously closed at $25.61.

Oxford Lane Capital Stock Performance

The stock’s 50 day simple moving average is $25.60 and its two-hundred day simple moving average is $25.61.

Oxford Lane Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.5469 per share. This represents a $2.19 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Trading of Oxford Lane Capital

A hedge fund recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. acquired a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.