Oxford Lane Capital (NASDAQ:OXLC) Stock Price Down 3.9% – Time to Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s stock price was down 3.9% during mid-day trading on Wednesday . The stock traded as low as $4.38 and last traded at $4.32. Approximately 2,817,129 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 4,512,437 shares. The stock had previously closed at $4.49.

Oxford Lane Capital Stock Up 1.4 %

The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 5.25 and a beta of 1.17. The stock has a 50 day simple moving average of $5.01 and a 200 day simple moving average of $5.16.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital’s payout ratio is 126.51%.

Institutional Trading of Oxford Lane Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OXLC. SWAN Capital LLC bought a new position in shares of Oxford Lane Capital in the fourth quarter valued at approximately $30,000. Lewis Asset Management LLC bought a new position in shares of Oxford Lane Capital during the fourth quarter valued at about $51,000. Titleist Asset Management LLC purchased a new position in Oxford Lane Capital during the fourth quarter worth about $51,000. Choreo LLC bought a new stake in Oxford Lane Capital in the 4th quarter worth about $51,000. Finally, Walkner Condon Financial Advisors LLC purchased a new stake in Oxford Lane Capital in the 4th quarter valued at about $51,000. 6.74% of the stock is owned by institutional investors.

About Oxford Lane Capital

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.