Oxford Lane Capital (NASDAQ:OXLC) Stock Falls 4.6% – Time to Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLC) dropped 4.6% during mid-day trading on Monday. The stock traded as low as $7.58 and last traded at $7.5450. 1,314,454 shares traded hands during trading, an increase of 0% from the average daily volume of 1,311,645 shares. The stock had previously closed at $7.91.

Oxford Lane Capital Trading Down 4.6%

The company’s 50 day moving average price is $9.17 and its two-hundred day moving average price is $9.34. The firm has a market cap of $739.64 million, a PE ratio of 1.09 and a beta of 0.68.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Tuesday, July 28th. The investment management company reported $0.95 EPS for the quarter, missing the consensus estimate of $2.26 by ($1.31). The firm had revenue of $166.25 million during the quarter, compared to analysts’ expectations of $244.27 million.

Oxford Lane Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be given a $0.20 dividend. The ex-dividend date is Thursday, December 17th. This represents a $2.40 dividend on an annualized basis and a yield of 31.8%. Oxford Lane Capital’s dividend payout ratio is presently 54.76%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its position in shares of Oxford Lane Capital by 268.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 83,655 shares of the investment management company’s stock valued at $733,000 after buying an additional 60,965 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Oxford Lane Capital during the 2nd quarter valued at approximately $35,000. Citadel Advisors LLC increased its holdings in Oxford Lane Capital by 48.9% in the 2nd quarter. Citadel Advisors LLC now owns 1,703,401 shares of the investment management company’s stock worth $14,922,000 after acquiring an additional 559,421 shares in the last quarter. Advisory Solutions Group LLC purchased a new stake in Oxford Lane Capital in the 2nd quarter worth approximately $551,000. Finally, NWF Advisory Services Inc. purchased a new stake in Oxford Lane Capital in the 2nd quarter worth approximately $89,000. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. (NASDAQ: OXLC) is a closed-end management investment company focused on investing in collateralized loan obligations (CLOs). The company primarily seeks exposure to the equity and junior debt tranches of CLO vehicles, which are backed largely by portfolios of senior secured loans made to companies.

Through its CLO investments, Oxford Lane seeks to generate current income and, to a lesser extent, capital appreciation. Its portfolio may also include other structured finance investments and related debt instruments.