Oxford Lane Capital (NASDAQ:OXLC) Shares Down 2.4% – Time to Sell?

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) fell 2.4% during mid-day trading on Monday . The company traded as low as $4.25 and last traded at $4.28. 2,801,913 shares were traded during trading, a decline of 45% from the average session volume of 5,070,526 shares. The stock had previously closed at $4.38.

Oxford Lane Capital Stock Down 2.7 %

The business’s 50 day simple moving average is $4.76 and its two-hundred day simple moving average is $5.04. The stock has a market capitalization of $1.47 billion, a P/E ratio of 5.13 and a beta of 0.84.

Oxford Lane Capital (NASDAQ:OXLC) last released its quarterly earnings data 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 Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a dividend yield of 24.43%. Oxford Lane Capital’s payout ratio is 127.71%.

Institutional Investors Weigh In On Oxford Lane Capital

Large investors have recently made changes to their positions in the business. Border to Coast Pensions Partnership Ltd boosted its holdings in shares of 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 valued at $9,373,000 after buying an additional 445,000 shares in the last quarter. Wedbush Securities Inc. raised its stake in Oxford Lane Capital by 10.0% during the 4th quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company’s stock valued at $6,043,000 after buying an additional 107,951 shares during the last quarter. Realta Investment Advisors boosted its position in Oxford Lane Capital by 15.9% in the fourth quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock worth $5,254,000 after purchasing an additional 141,536 shares during the last quarter. TrueMark Investments LLC boosted its holdings in shares of 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 worth $5,060,000 after buying an additional 468,696 shares during the last quarter. Finally, Citadel Advisors LLC increased its stake in shares of Oxford Lane Capital by 333.5% in the 4th quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock worth $4,874,000 after purchasing an additional 739,506 shares in the last quarter. 6.74% of the stock is currently owned by institutional investors.

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.