Oxford Lane Capital (NASDAQ:OXLC) Sets New 1-Year Low – Time to Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s share price reached a new 52-week low on Friday . The stock traded as low as $14.26 and last traded at $14.3370, with a volume of 742157 shares changing hands. The stock had previously closed at $14.91.

Oxford Lane Capital Price Performance

The stock has a market capitalization of $1.30 billion, a PE ratio of 2.22 and a beta of 0.79. The stock has a 50 day moving average of $16.33 and a two-hundred day moving average of $19.06.

Oxford Lane Capital (NASDAQ:OXLC) last issued its earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.01). The firm had revenue of $128.30 million for the quarter, compared to analyst estimates of $247.87 million.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 33.4%.

Hedge Funds Weigh In On Oxford Lane Capital

Several large investors have recently modified their holdings of the business. Nicolet Advisory Services LLC purchased a new stake in Oxford Lane Capital in the 3rd quarter worth approximately $683,000. BNP Paribas Financial Markets purchased a new position in shares of Oxford Lane Capital in the 3rd quarter worth approximately $109,000. Ferguson Shapiro LLC purchased a new stake in shares of Oxford Lane Capital in the third quarter worth about $201,000. JPMorgan Chase & Co. acquired a new position in shares of Oxford Lane Capital during the third quarter valued at approximately $146,000. Finally, HighPoint Advisor Group LLC purchased a new position in shares of Oxford Lane Capital during the 3rd quarter worth $213,000. 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.