Oxford Lane Capital Corp. (NASDAQ:OXLC) Declares $0.09 Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a dividend on Wednesday, March 26th, NASDAQ Dividends reports. Investors of record on Thursday, July 17th will be given a dividend of 0.09 per share by the investment management company on Thursday, July 31st. The ex-dividend date of this dividend is Thursday, July 17th.

Oxford Lane Capital has a payout ratio of 98.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Oxford Lane Capital Trading Up 1.0%

Shares of NASDAQ OXLC opened at $4.16 on Tuesday. Oxford Lane Capital has a 12-month low of $3.91 and a 12-month high of $5.68. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 5.01 and a beta of 0.77. The firm’s 50-day moving average price is $4.41 and its 200-day moving average price is $4.70.

Institutional Trading of Oxford Lane Capital

A hedge fund recently raised its stake in Oxford Lane Capital stock. NewEdge Advisors LLC lifted its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 17.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,326 shares of the investment management company’s stock after purchasing an additional 4,462 shares during the period. NewEdge Advisors LLC’s holdings in Oxford Lane Capital were worth $138,000 as of its most recent filing with the Securities & Exchange Commission. 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.