Oxford Lane Capital (NASDAQ:OXLC) Hits New 12-Month Low – Should You Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $4.66 and last traded at $4.68, with a volume of 7892550 shares. The stock had previously closed at $4.70.

Oxford Lane Capital Stock Down 0.6 %

The firm’s 50 day simple moving average is $5.06 and its two-hundred day simple moving average is $5.18. The stock has a market capitalization of $1.62 billion, a P/E ratio of 5.63 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 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 23.13%. The ex-dividend date is Monday, June 16th. Oxford Lane Capital’s payout ratio is 126.51%.

Institutional Trading of Oxford Lane Capital

Several hedge funds have recently bought and sold shares of OXLC. Merkkuri Wealth Advisors LLC increased its position in shares of Oxford Lane Capital by 20.8% during the fourth quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company’s stock worth $62,000 after acquiring an additional 2,100 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Oxford Lane Capital by 5.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,910 shares of the investment management company’s stock worth $304,000 after purchasing an additional 3,125 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Oxford Lane Capital by 31.1% in the third quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock worth $71,000 after purchasing an additional 3,229 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Oxford Lane Capital by 16.5% in the third quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company’s stock valued at $143,000 after purchasing an additional 3,865 shares in the last quarter. Finally, SWAN Capital LLC purchased a new position in shares of Oxford Lane Capital during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

About Oxford Lane Capital

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.