Oxford Lane Capital (NASDAQ:OXLC) Trading Up 1.8% – Should You Buy?

Oxford Lane Capital Corp. (NASDAQ:OXLCGet Free Report) shares traded up 1.8% during trading on Wednesday . The stock traded as high as $4.88 and last traded at $4.90. 1,654,145 shares changed hands during trading, a decline of 65% from the average session volume of 4,725,885 shares. The stock had previously closed at $4.81.

Oxford Lane Capital Trading Up 2.5 %

The stock has a 50-day simple moving average of $4.94 and a two-hundred day simple moving average of $5.12. The firm has a market capitalization of $1.71 billion, a P/E ratio of 5.94 and a beta of 1.17.

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

Oxford Lane Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.08 dividend on an annualized basis and a yield of 21.91%. Oxford Lane Capital’s dividend payout ratio is presently 127.71%.

Institutional Trading of Oxford Lane Capital

Institutional investors have recently modified their holdings of the company. SWAN Capital LLC purchased a new stake in Oxford Lane Capital during the fourth quarter valued at approximately $30,000. Lewis Asset Management LLC acquired a new stake in shares of Oxford Lane Capital in the 4th quarter worth $51,000. Walkner Condon Financial Advisors LLC purchased a new position in Oxford Lane Capital during the 4th quarter worth $51,000. Choreo LLC purchased a new stake in Oxford Lane Capital in the fourth quarter valued at about $51,000. Finally, Titleist Asset Management LLC acquired a new stake in Oxford Lane Capital in the fourth quarter worth about $51,000. 6.74% of the stock is currently owned by institutional investors.

About Oxford Lane Capital

(Get Free Report)

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.

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