Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Trading Down 0.3% – Should You Sell?

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL)’s share price dropped 0.3% on Friday . The stock traded as low as $24.14 and last traded at $24.1450. Approximately 1,994 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 4,409 shares. The stock had previously closed at $24.22.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Trading Down 0.3%

The company’s fifty day moving average price is $24.11 and its 200 day moving average price is $23.87.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Sunday, March 15th will be paid a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Friday, March 13th.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile

Oxford Lane Capital Corp. is a closed-end management investment company organized under the Investment Company Act of 1940 and listed on the Nasdaq Global Market. The firm focuses on generating attractive risk-adjusted returns primarily through investments in U.S. consumer credit asset-backed securities and corporate loans. Its portfolio typically includes collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other structured finance instruments secured by auto loans, credit card receivables, personal loans and similar consumer assets.

Since its initial public offering in 2012, Oxford Lane Capital has sought to capitalize on opportunities in the U.S.