Oxford Lane Capital (NASDAQ:OXLC) Shares Gap Down – Time to Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLC) gapped down before the market opened on Monday . The stock had previously closed at $4.88, but opened at $4.65. Oxford Lane Capital shares last traded at $4.59, with a volume of 5,283,844 shares traded.

Oxford Lane Capital Stock Performance

The company has a market capitalization of $1.64 billion, a PE ratio of 5.70 and a beta of 0.75. The firm’s 50-day simple moving average is $4.61 and its 200 day simple moving average is $4.96.

Oxford Lane Capital Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a dividend yield of 24.43%. Oxford Lane Capital’s payout ratio is currently 128.92%.

Institutional Investors Weigh In On Oxford Lane Capital

Several institutional investors and hedge funds have recently made changes to their positions in OXLC. Janney Montgomery Scott LLC purchased a new stake in shares of Oxford Lane Capital in the 4th quarter worth about $148,000. Mutual Advisors LLC purchased a new stake in shares of Oxford Lane Capital in the 4th quarter worth about $138,000. Marks Wealth LLC boosted its position in shares of Oxford Lane Capital by 114.9% in the 4th quarter. Marks Wealth LLC now owns 21,563 shares of the investment management company’s stock worth $109,000 after buying an additional 11,528 shares in the last quarter. Firethorn Wealth Partners LLC acquired a new position in Oxford Lane Capital in the 4th quarter valued at about $100,000. Finally, Geneos Wealth Management Inc. raised its stake in Oxford Lane Capital by 4.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 527,200 shares of the investment management company’s stock valued at $2,673,000 after purchasing an additional 23,308 shares during the last quarter. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

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.