Oxford Lane Capital (NASDAQ:OXLCI) Shares Down 0.2% – Should You Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLCI)’s stock price was down 0.2% on Friday. The stock traded as low as $25.05 and last traded at $25.08. Approximately 12,998 shares were traded during mid-day trading, an increase of 106% from the average daily volume of 6,313 shares. The stock had previously closed at $25.12.

Oxford Lane Capital Stock Down 0.2%

The business’s fifty day moving average price is $25.51 and its 200 day moving average price is $25.56.

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a $0.5469 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date is Tuesday, December 15th.

Oxford Lane Capital Corp. is a closed-end investment company that seeks to provide income and preserve capital through investments in collateralized loan obligations (CLOs). The company primarily invests in the equity and junior debt tranches of CLOs, which are securities backed by portfolios of senior secured loans made to businesses.

Oxford Lane’s portfolio may also include other structured credit investments and debt securities related to CLO transactions. Its investments generally provide exposure to corporate lending markets in the United States and Europe, although the composition of the portfolio may change over time.