Oxford Lane Capital (NASDAQ:OXLC) Releases Earnings Results

Oxford Lane Capital (NASDAQ:OXLC) posted its quarterly earnings data on Monday. The investment management company reported $1.24 EPS for the quarter, Zacks reports.

Oxford Lane Capital Stock Performance

OXLC stock opened at $15.39 on Tuesday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 3.71 and a beta of 0.79. The firm has a 50-day simple moving average of $16.87 and a two-hundred day simple moving average of $19.41. Oxford Lane Capital has a one year low of $14.49 and a one year high of $27.44.

Oxford Lane Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a $0.40 dividend. This represents a c) annualized dividend and a dividend yield of 31.2%. The ex-dividend date of this dividend is Tuesday, March 17th. Oxford Lane Capital’s payout ratio is presently 138.55%.

Institutional Trading of Oxford Lane Capital

Several large investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in Oxford Lane Capital in the second quarter valued at approximately $69,000. Semmax Financial Advisors Inc. acquired a new stake in Oxford Lane Capital in the 2nd quarter valued at about $81,000. EverSource Wealth Advisors LLC increased its stake in shares of Oxford Lane Capital by 25.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 20,000 shares of the investment management company’s stock worth $84,000 after acquiring an additional 4,000 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Oxford Lane Capital during the 2nd quarter worth approximately $95,000. Finally, McIlrath & Eck LLC increased its position in shares of Oxford Lane Capital by 120.1% during the 2nd quarter. McIlrath & Eck LLC now owns 23,464 shares of the investment management company’s stock worth $99,000 after purchasing an additional 12,804 shares during the last quarter. 6.74% of the stock is owned by hedge funds and other institutional investors.

About Oxford Lane Capital

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.