Oxford Lane Capital (NASDAQ:OXLCI) Trading Down 0.2% – What’s Next?

Oxford Lane Capital Corp. (NASDAQ:OXLCI)’s stock price dropped 0.2% on Wednesday . The stock traded as low as $25.75 and last traded at $25.75. Approximately 12,791 shares changed hands during mid-day trading, an increase of 111% from the average daily volume of 6,053 shares. The stock had previously closed at $25.80.

Oxford Lane Capital Stock Performance

The company’s 50-day moving average price is $25.65 and its 200-day moving average price is $25.60.

Oxford Lane Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.5469 per share. The ex-dividend date is Tuesday, December 15th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.5%.

Institutional Trading of Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.