Oxford Lane Capital (NASDAQ:OXLCO) Stock Price Down 0.4% – Should You Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLCO)’s stock price was down 0.4% during mid-day trading on Friday . The stock traded as low as $24.05 and last traded at $23.9660. Approximately 3,494 shares were traded during trading, an increase of 35% from the average session volume of 2,580 shares. The stock had previously closed at $24.07.

Oxford Lane Capital Stock Performance

The firm has a 50 day moving average of $23.99 and a 200-day moving average of $23.76.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Monday, November 16th.

Hedge Funds Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital comprises 2.5% of Karpus Management Inc.’s portfolio, making the stock its 14th biggest position.

Oxford Lane Capital Company Profile

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.