Oxford Lane Capital (NASDAQ:OXLC) Sets New 52-Week Low – What’s Next?

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.68 and last traded at $8.6790, with a volume of 711608 shares changing hands. The stock had previously closed at $8.96.

Oxford Lane Capital Price Performance

The business has a 50-day simple moving average of $12.88 and a two-hundred day simple moving average of $14.97. The stock has a market cap of $785.37 million, a price-to-earnings ratio of 1.36 and a beta of 0.73.

Oxford Lane Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) annualized dividend and a yield of 27.7%.

Hedge Funds Weigh In On Oxford Lane Capital

Large investors have recently modified their holdings of the stock. Camelot Portfolios LLC bought a new stake in shares of Oxford Lane Capital during the 4th quarter worth about $29,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Oxford Lane Capital during the second quarter worth approximately $32,000. Sound Income Strategies LLC acquired a new position in shares of Oxford Lane Capital in the fourth quarter valued at approximately $37,000. WPG Advisers LLC grew its position in shares of Oxford Lane Capital by 87.5% in the third quarter. WPG Advisers LLC now owns 2,620 shares of the investment management company’s stock valued at $44,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Oxford Lane Capital during the 2nd quarter worth approximately $47,000. 6.74% of the stock is owned by institutional investors.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.