Oxford Lane Capital Corp. (OXLC) To Go Ex-Dividend on September 16th

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Thursday, May 14th. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.20 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 25.1%. The ex-dividend date of this dividend is Wednesday, September 16th.

Oxford Lane Capital has a dividend payout ratio of 327.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Oxford Lane Capital Stock Performance

NASDAQ OXLC opened at $9.57 on Monday. The firm has a market capitalization of $938.15 million, a P/E ratio of 1.38 and a beta of 0.64. The stock has a 50-day simple moving average of $9.25 and a two-hundred day simple moving average of $9.32. Oxford Lane Capital has a fifty-two week low of $8.01 and a fifty-two week high of $17.89.

Oxford Lane Capital (NASDAQ:OXLC) last issued its earnings results on Tuesday, July 28th. The investment management company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($1.31). The firm had revenue of $166.25 million during the quarter, compared to analysts’ expectations of $244.27 million.

Institutional Trading of Oxford Lane Capital

Hedge funds have recently made changes to their positions in the stock. Osbon Capital Management LLC bought a new stake in Oxford Lane Capital during the fourth quarter worth about $29,000. Integrated Wealth Concepts LLC bought a new position in shares of Oxford Lane Capital during the 2nd quarter valued at about $35,000. WPG Advisers LLC increased its position in shares of Oxford Lane Capital by 79.6% during the 1st quarter. WPG Advisers LLC now owns 3,914 shares of the investment management company’s stock valued at $38,000 after purchasing an additional 1,735 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Oxford Lane Capital by 377.2% during the 4th quarter. Sunbelt Securities Inc. now owns 3,827 shares of the investment management company’s stock valued at $56,000 after buying an additional 3,025 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID raised its holdings in shares of Oxford Lane Capital by 20.9% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 6,010 shares of the investment management company’s stock valued at $59,000 after buying an additional 1,040 shares in the last quarter. 6.74% of the stock is owned by institutional investors.

About Oxford Lane Capital

Oxford Lane Capital Corp. (NASDAQ: OXLC) is a publicly traded, non-diversified closed-end management investment company. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing primarily in collateralized loan obligations (CLOs).

Oxford Lane focuses mainly on the equity and junior debt tranches of CLOs, which are investment vehicles backed by pools of corporate loans. Its portfolio may also include senior secured loans, corporate debt securities and other structured finance investments.