Oxford Lane Capital (NASDAQ:OXLC) Shares Down 0.8% – Time to Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s share price dropped 0.8% during mid-day trading on Wednesday . The company traded as low as $4.61 and last traded at $4.63. Approximately 1,081,717 shares traded hands during trading, a decline of 77% from the average daily volume of 4,683,995 shares. The stock had previously closed at $4.66.

Oxford Lane Capital Price Performance

The stock’s fifty day simple moving average is $4.98 and its 200-day simple moving average is $5.14. The firm has a market cap of $1.59 billion, a PE ratio of 5.55 and a beta of 1.17.

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

Oxford Lane Capital Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.09 dividend. The ex-dividend date is Wednesday, April 16th. Oxford Lane Capital’s dividend payout ratio is currently 127.71%.

Hedge Funds Weigh In On Oxford Lane Capital

Institutional investors have recently bought and sold shares of the business. SWAN Capital LLC acquired a new stake in shares of Oxford Lane Capital in the fourth quarter worth $30,000. Waverly Advisors LLC acquired a new stake in Oxford Lane Capital during the 4th quarter worth about $75,000. CoreCap Advisors LLC grew its position 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 worth $235,000 after purchasing an additional 22,090 shares during the period. Captrust Financial Advisors raised its stake 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 last quarter. Finally, Citadel Advisors LLC lifted its holdings 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 valued at $4,874,000 after buying an additional 739,506 shares during the period. 6.74% of the stock is owned by hedge funds and other institutional investors.

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.