Oxford Lane Capital (NASDAQ:OXLC – Get Free Report) posted its quarterly earnings data on Monday. The investment management company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.39), Zacks reports.
Oxford Lane Capital Trading Down 0.2 %
Shares of Oxford Lane Capital stock opened at $5.11 on Tuesday. Oxford Lane Capital has a 1 year low of $4.95 and a 1 year high of $5.78. The stock has a 50-day moving average price of $5.15 and a 200 day moving average price of $5.27. The company has a market cap of $1.77 billion, a P/E ratio of 3.65 and a beta of 1.15.
Oxford Lane Capital Announces Dividend
The firm also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 20th will be given a dividend of $0.09 per share. This represents a yield of 21.26%. The ex-dividend date is Friday, January 17th. Oxford Lane Capital’s payout ratio is 74.29%.
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.
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