Oxford Lane Capital (NASDAQ:OXLC) Stock Price Up 0.8% – What’s Next?

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) traded up 0.8% on Thursday . The company traded as high as $4.35 and last traded at $4.34. 3,163,534 shares changed hands during trading, a decline of 32% from the average session volume of 4,623,754 shares. The stock had previously closed at $4.30.

Oxford Lane Capital Stock Up 4.8 %

The company has a market cap of $1.58 billion, a P/E ratio of 5.51 and a beta of 1.17. The business has a 50-day moving average price of $5.00 and a two-hundred day moving average price of $5.15.

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

Oxford Lane Capital Announces Dividend

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

Institutional Investors Weigh In On Oxford Lane Capital

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