Oxford Lane Capital (NASDAQ:OXLC) Announces Earnings Results

Oxford Lane Capital (NASDAQ:OXLC) issued its quarterly earnings results on Monday. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.39), Zacks reports.

Oxford Lane Capital Stock Down 0.4 %

OXLC opened at $5.09 on Wednesday. The firm has a 50-day simple moving average of $5.15 and a two-hundred day simple moving average of $5.27. Oxford Lane Capital has a 52 week low of $4.95 and a 52 week high of $5.78. The company has a market capitalization of $1.76 billion, a PE ratio of 3.64 and a beta of 1.15.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 21.22%. The ex-dividend date is Monday, June 16th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 74.29%.

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.