Oxford Lane Capital (NASDAQ:OXLC) Stock Price Down 5% – Here’s Why

Oxford Lane Capital Corp. (NASDAQ:OXLCGet Free Report)’s stock price fell 5% on Friday . The company traded as low as $4.32 and last traded at $4.45. 6,144,166 shares changed hands during mid-day trading, an increase of 27% from the average session volume of 4,834,047 shares. The stock had previously closed at $4.68.

Oxford Lane Capital Price Performance

The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 5.23 and a beta of 1.17. The firm has a 50 day simple moving average of $4.92 and a 200-day simple moving average of $5.11.

Oxford Lane Capital (NASDAQ:OXLCGet Free Report) last announced its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 24.88%. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 127.71%.

Institutional Investors Weigh In On Oxford Lane Capital

A number of hedge funds have recently added to or reduced their stakes in the stock. SWAN Capital LLC acquired a new position in shares of Oxford Lane Capital during the fourth quarter worth approximately $30,000. Lewis Asset Management LLC bought a new position in Oxford Lane Capital in the 4th quarter worth approximately $51,000. Walkner Condon Financial Advisors LLC acquired a new position in Oxford Lane Capital during the 4th quarter worth $51,000. Choreo LLC acquired a new stake in shares of Oxford Lane Capital in the 4th quarter valued at $51,000. Finally, Titleist Asset Management LLC acquired a new stake in shares of Oxford Lane Capital in the 4th quarter valued at $51,000. Institutional investors own 6.74% of the company’s stock.

About Oxford Lane Capital

(Get Free Report)

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.

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