Oxford Lane Capital (NASDAQ:OXLC) Trading Down 0.3% – Should You Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s stock price dropped 0.3% during trading on Friday . The stock traded as low as $4.62 and last traded at $4.65. Approximately 1,328,515 shares were traded during trading, a decline of 72% from the average daily volume of 4,697,600 shares. The stock had previously closed at $4.66.

Oxford Lane Capital Stock Down 0.2 %

The stock’s fifty day simple moving average is $4.95 and its two-hundred day simple moving average is $5.13. The firm has a market cap of $1.61 billion, a PE ratio of 5.60 and a beta of 1.17.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data 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 Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 23.23%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital’s payout ratio is 127.71%.

Hedge Funds Weigh In On Oxford Lane Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SWAN Capital LLC purchased a new stake in shares of Oxford Lane Capital during the 4th quarter valued at about $30,000. Waverly Advisors LLC bought a new stake in Oxford Lane Capital in the 4th quarter worth approximately $75,000. CoreCap Advisors LLC raised its stake in Oxford Lane Capital by 91.3% during the 4th quarter. CoreCap Advisors LLC now owns 46,272 shares of the investment management company’s stock valued at $235,000 after buying an additional 22,090 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Oxford Lane Capital by 62.0% during the 4th quarter. Captrust Financial Advisors now owns 22,074 shares of the investment management company’s stock valued at $112,000 after buying an additional 8,446 shares during the period. Finally, Citadel Advisors LLC boosted its stake in shares of Oxford Lane Capital by 333.5% in the 4th quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock worth $4,874,000 after buying an additional 739,506 shares during the last quarter. 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.