Oxford Lane Capital (NASDAQ:OXLC) Reaches New 1-Year Low – Should You Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLCGet Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.67 and last traded at $4.77, with a volume of 13896819 shares traded. The stock had previously closed at $5.00.

Oxford Lane Capital Trading Down 1.4 %

The company has a market capitalization of $1.65 billion, a P/E ratio of 5.76 and a beta of 1.17. The business’s fifty day moving average price is $5.08 and its 200-day moving average price is $5.19.

Oxford Lane Capital (NASDAQ:OXLCGet Free Report) last posted its quarterly earnings data 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 Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 22.59%. The ex-dividend date of this dividend is Monday, June 16th. Oxford Lane Capital’s dividend payout ratio is currently 126.51%.

Institutional Trading of Oxford Lane Capital

Hedge funds have recently added to or reduced their stakes in the business. SWAN Capital LLC bought a new stake in Oxford Lane Capital in the fourth quarter worth $30,000. Lewis Asset Management LLC bought a new stake in Oxford Lane Capital in the fourth quarter worth $51,000. Walkner Condon Financial Advisors LLC bought a new stake in Oxford Lane Capital in the fourth quarter worth $51,000. Choreo LLC bought a new stake in Oxford Lane Capital in the fourth quarter worth $51,000. Finally, Titleist Asset Management LLC purchased a new position in shares of Oxford Lane Capital in the fourth quarter valued at about $51,000. 6.74% of the stock is owned by institutional investors.

Oxford Lane Capital Company Profile

(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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