Oxford Lane Capital (NASDAQ:OXLC) Shares Up 4.9% – Here’s What Happened

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) shot up 4.9% on Friday . The company traded as high as $4.60 and last traded at $4.58. 3,909,563 shares were traded during mid-day trading, a decline of 16% from the average session volume of 4,645,215 shares. The stock had previously closed at $4.36.

Oxford Lane Capital Price Performance

The firm has a market cap of $1.58 billion, a PE ratio of 5.51 and a beta of 1.17. The business has a 50-day moving average price of $5.00 and a two-hundred day moving average price of $5.15.

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

Oxford Lane Capital Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital’s dividend payout ratio is presently 126.51%.

Institutional Trading of Oxford Lane Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OXLC. Moors & Cabot Inc. purchased a new stake in Oxford Lane Capital during the 3rd quarter worth about $121,000. Dynamic Technology Lab Private Ltd increased its position in Oxford Lane Capital by 37.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 26,724 shares of the investment management company’s stock worth $140,000 after purchasing an additional 7,248 shares in the last quarter. D.A. Davidson & CO. increased its position in Oxford Lane Capital by 16.5% during the 3rd quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company’s stock worth $143,000 after purchasing an additional 3,865 shares in the last quarter. National Wealth Management Group LLC purchased a new stake in Oxford Lane Capital during the 3rd quarter worth about $54,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in Oxford Lane Capital during the 3rd quarter worth about $777,000. Hedge funds and other institutional investors 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.