Oxford Lane Capital (NASDAQ:OXLC) Stock Price Down 0.3% – Should You Sell?

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) dropped 0.3% during mid-day trading on Friday . The stock traded as low as $4.34 and last traded at $4.39. Approximately 1,541,156 shares were traded during trading, a decline of 69% from the average daily volume of 4,996,031 shares. The stock had previously closed at $4.40.

Oxford Lane Capital Stock Up 0.7 %

The company has a market cap of $1.53 billion, a price-to-earnings ratio of 5.34 and a beta of 0.84. The company has a fifty day simple moving average of $4.83 and a two-hundred day simple moving average of $5.07.

Oxford Lane Capital (NASDAQ:OXLC) last posted 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 24.38%. The ex-dividend date is Tuesday, September 16th. Oxford Lane Capital’s dividend payout ratio is currently 127.71%.

Institutional Investors Weigh In On Oxford Lane Capital

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

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.