Oxford Lane Capital (NASDAQ:OXLC) Shares Down 0.3% – Time to Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLC) was down 0.3% on Friday . The company traded as low as $4.62 and last traded at $4.65. Approximately 1,328,515 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 4,697,600 shares. The stock had previously closed at $4.66.

Oxford Lane Capital Stock Down 0.5 %

The business has a 50-day simple moving average of $4.96 and a 200-day simple moving average of $5.13. The company has a market cap of $1.60 billion, a PE ratio of 5.58 and a beta of 1.17.

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

Oxford Lane Capital Dividend Announcement

The business also recently declared 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 (DPR) is presently 127.71%.

Institutional Investors Weigh In On Oxford Lane Capital

Several institutional investors have recently bought and sold shares of OXLC. Citadel Advisors LLC raised its holdings in shares of Oxford Lane Capital by 333.5% during the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock valued at $4,874,000 after acquiring an additional 739,506 shares during the last quarter. TrueMark Investments LLC raised its stake in Oxford Lane Capital by 88.5% in the 4th 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 last quarter. Border to Coast Pensions Partnership Ltd boosted its stake 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 grew its holdings in shares of Oxford Lane Capital by 905.9% during the fourth 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 in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Oxford Lane Capital by 42.7% during the fourth quarter. LPL Financial LLC now owns 897,345 shares of the investment management company’s stock worth $4,550,000 after buying an additional 268,631 shares in the last quarter. 6.74% of the stock is currently 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.