Oxford Lane Capital (NASDAQ:OXLC) Trading 2.7% Higher – Should You Buy?

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) traded up 2.7% on Monday . The company traded as high as $4.75 and last traded at $4.70. 3,266,898 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 4,680,858 shares. The stock had previously closed at $4.57.

Oxford Lane Capital Trading Up 1.3 %

The firm’s 50 day moving average price is $4.98 and its two-hundred day moving average price is $5.14. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 5.61 and a beta of 1.17.

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

Oxford Lane Capital Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.09 per share. The ex-dividend date is Wednesday, April 16th. Oxford Lane Capital’s payout ratio is 127.71%.

Institutional Trading of Oxford Lane Capital

Several large investors have recently made changes to their positions in OXLC. Citadel Advisors LLC grew its position in Oxford Lane Capital by 333.5% during the 4th quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock worth $4,874,000 after acquiring an additional 739,506 shares during the last quarter. TrueMark Investments LLC increased its holdings in Oxford Lane Capital by 88.5% in the fourth quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company’s stock valued at $5,060,000 after purchasing an additional 468,696 shares during the period. Border to Coast Pensions Partnership Ltd raised its position in Oxford Lane Capital by 31.7% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock worth $9,373,000 after purchasing an additional 445,000 shares during the last quarter. Jane Street Group LLC lifted its holdings in Oxford Lane Capital by 905.9% during the 4th quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company’s stock worth $2,379,000 after buying an additional 422,593 shares during the period. Finally, LPL Financial LLC grew its position in shares of Oxford Lane Capital by 42.7% in the 4th quarter. LPL Financial LLC now owns 897,345 shares of the investment management company’s stock valued at $4,550,000 after buying an additional 268,631 shares during the last quarter. Institutional investors and hedge funds own 6.74% of the company’s stock.

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.