Oxford Lane Capital (NASDAQ:OXLC) Trading 1.2% Higher Following Dividend Announcement

Oxford Lane Capital Corp. (NASDAQ:OXLC) shot up 1.2% during trading on Tuesday after the company announced a dividend. The stock traded as high as $4.78 and last traded at $4.78. 1,516,576 shares were traded during mid-day trading, a decline of 68% from the average session volume of 4,709,968 shares. The stock had previously closed at $4.72.

The newly announced dividend which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 22.57%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital’s payout ratio is 127.71%.

Oxford Lane Capital Stock Up 1.4 %

The firm’s 50-day moving average price is $4.95 and its 200 day moving average price is $5.12. The firm has a market cap of $1.66 billion, a P/E ratio of 5.77 and a beta of 1.17.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of OXLC. Border to Coast Pensions Partnership Ltd boosted its holdings in shares of Oxford Lane Capital by 31.7% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock valued at $9,373,000 after acquiring an additional 445,000 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Oxford Lane Capital by 10.0% in the fourth quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company’s stock worth $6,043,000 after acquiring an additional 107,951 shares in the last quarter. Realta Investment Advisors raised its holdings in shares of Oxford Lane Capital by 15.9% during the fourth quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock valued at $5,254,000 after acquiring an additional 141,536 shares during the period. TrueMark Investments LLC boosted its stake in Oxford Lane Capital by 88.5% in the 4th quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company’s stock worth $5,060,000 after purchasing an additional 468,696 shares during the period. Finally, Citadel Advisors LLC grew its position in Oxford Lane Capital by 333.5% during the 4th quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock worth $4,874,000 after purchasing an additional 739,506 shares in the last quarter. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Company Profile

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.