Oxford Lane Capital (NASDAQ:OXLC) Shares Gap Down – What’s Next?

Oxford Lane Capital Corp. (NASDAQ:OXLC) gapped down before the market opened on Wednesday . The stock had previously closed at $14.55, but opened at $14.05. Oxford Lane Capital shares last traded at $14.18, with a volume of 450,781 shares trading hands.

Oxford Lane Capital Trading Down 2.0%

The firm has a market capitalization of $1.29 billion, a PE ratio of 2.24 and a beta of 0.72. The firm’s fifty day moving average price is $15.23 and its 200 day moving average price is $17.82.

Oxford Lane Capital (NASDAQ:OXLC) last posted its earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.01). The company had revenue of $128.30 million for the quarter, compared to the consensus estimate of $247.87 million.

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a dividend of $0.40 per share. This represents a c) annualized dividend and a yield of 33.6%. The ex-dividend date of this dividend is Tuesday, March 17th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OXLC. AdvisorNet Financial Inc grew its position in shares of Oxford Lane Capital by 92.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 6,198 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 2,979 shares during the period. Ameritas Advisory Services LLC purchased a new position in Oxford Lane Capital during the second quarter worth approximately $28,000. US Bancorp DE boosted its position in Oxford Lane Capital by 106.1% during the first quarter. US Bancorp DE now owns 6,300 shares of the investment management company’s stock worth $30,000 after purchasing an additional 3,243 shares in the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in Oxford Lane Capital in the second quarter valued at approximately $32,000. Finally, WPG Advisers LLC increased its position in shares of Oxford Lane Capital by 87.5% in the third quarter. WPG Advisers LLC now owns 2,620 shares of the investment management company’s stock valued at $44,000 after buying an additional 1,223 shares in the last quarter. Institutional investors and hedge funds 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.