Oxford Lane Capital Corp. (NASDAQ:OXLC – Get 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:OXLC – Get 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
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
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.
See Also
- Five stocks we like better than Oxford Lane Capital
- 5 Top Rated Dividend Stocks to Consider
- Homebuilders in Freefall: Bargain Opportunity or Falling Knife?
- What Are Growth Stocks and Investing in Them
- The 3 Most Talked About Investments on WallStreetBets Right Now
- Most Volatile Stocks, What Investors Need to Know
- Analyst Targets Signal More Growth in CrowdStrike Stock
Receive News & Ratings for Oxford Lane Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital and related companies with MarketBeat.com's FREE daily email newsletter.