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

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Thursday, January 29th. Shareholders of record on Tuesday, June 16th will be paid a dividend of 0.20 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 19.8%. The ex-dividend date of this dividend is Tuesday, June 16th.

Oxford Lane Capital has a payout ratio of 509.1% indicating that 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

Shares of NASDAQ:OXLC opened at $12.12 on Friday. The firm’s 50 day simple moving average is $14.45 and its 200-day simple moving average is $16.03. Oxford Lane Capital has a one year low of $11.96 and a one year high of $25.95. The firm has a market cap of $1.10 billion, a PE ratio of 2.06 and a beta of 0.70.

Oxford Lane Capital (NASDAQ:OXLC) last announced its quarterly earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.01). The company had revenue of $128.30 million during the quarter, compared to analysts’ expectations of $247.87 million.

Hedge Funds Weigh In On Oxford Lane Capital

Several institutional investors have recently made changes to their positions in OXLC. Integrated Wealth Concepts LLC raised its holdings in shares of Oxford Lane Capital by 70.5% in the first quarter. Integrated Wealth Concepts LLC now owns 31,136 shares of the investment management company’s stock valued at $147,000 after acquiring an additional 12,873 shares in the last quarter. NewEdge Advisors LLC increased its position in Oxford Lane Capital by 17.9% during the 1st quarter. NewEdge Advisors LLC now owns 29,326 shares of the investment management company’s stock valued at $138,000 after purchasing an additional 4,462 shares during the period. Capital Investment Advisors LLC bought a new stake in shares of Oxford Lane Capital in the 2nd quarter valued at about $45,000. Ameritas Advisory Services LLC bought a new stake in shares of Oxford Lane Capital in the 2nd quarter valued at about $28,000. Finally, Abel Hall LLC purchased a new stake in shares of Oxford Lane Capital in the 2nd quarter worth approximately $84,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.