Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) announced a monthly dividend on Friday, October 24th. Shareholders of record on Friday, January 16th will be paid a dividend of 0.1302 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, January 16th.
Oxford Lane Capital Trading Up 0.3%
NASDAQ OXLCP opened at $24.71 on Wednesday. The business’s fifty day simple moving average is $24.58 and its 200-day simple moving average is $24.48. Oxford Lane Capital has a 52 week low of $23.75 and a 52 week high of $24.97.
Hedge Funds Weigh In On Oxford Lane Capital
A hedge fund recently bought a new stake in Oxford Lane Capital stock. Resources Management Corp CT ADV purchased a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCP – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,200 shares of the company’s stock, valued at approximately $320,000.
About Oxford Lane Capital
Oxford Lane Capital Corp is a closed‐end, externally managed registered investment company listed on the NASDAQ under the ticker symbol OXLCP. The firm’s primary objective is to generate high current income and capital appreciation potential by investing in collateralized loan obligations (CLOs). It employs a hybrid investment strategy that includes both debt and equity tranches of U.S. senior secured loans, providing investors with exposure to floating‐rate assets that can adjust with interest‐rate movements.
The company’s portfolio is predominantly comprised of equity and debt tranches of newly issued and seasoned CLOs managed by established asset managers.
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