Oxford Lane Capital (NASDAQ:OXLCN) Stock Price Up 0.2% – Still a Buy?

Oxford Lane Capital Corp. (NASDAQ:OXLCN)’s stock price was up 0.2% during mid-day trading on Monday . The stock traded as high as $24.72 and last traded at $24.6810. 3,752 shares were traded during mid-day trading, an increase of 25% from the average daily volume of 2,995 shares. The stock had previously closed at $24.62.

Oxford Lane Capital Stock Down 0.4%

The stock has a fifty day moving average price of $24.70 and a 200-day moving average price of $24.61.

Oxford Lane Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.1484 per share. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Monday, November 16th.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. acquired a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital comprises 3.0% of Karpus Management Inc.’s investment portfolio, making the stock its 11th biggest holding.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.