Oxford Lane Capital (NASDAQ:OXLC) Trading Down 4.1% – Here’s Why

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s stock price traded down 4.1% on Wednesday . The company traded as low as $8.55 and last traded at $8.4160. 420,444 shares were traded during mid-day trading, a decline of 72% from the average session volume of 1,526,447 shares. The stock had previously closed at $8.78.

Oxford Lane Capital Stock Performance

The stock’s 50-day moving average price is $9.86 and its two-hundred day moving average price is $11.22. The stock has a market capitalization of $758.18 million, a PE ratio of 1.29 and a beta of 0.63.

Oxford Lane Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.20 per share. This represents a c) annualized dividend and a yield of 28.7%. The ex-dividend date of this dividend is Wednesday, September 16th. Oxford Lane Capital’s dividend payout ratio is 67.34%.

Institutional Trading of Oxford Lane Capital

Institutional investors have recently bought and sold shares of the company. Camelot Portfolios LLC purchased a new stake in Oxford Lane Capital during the 4th quarter valued at about $29,000. Osbon Capital Management LLC purchased a new stake in Oxford Lane Capital during the 4th quarter valued at about $29,000. Sound Income Strategies LLC purchased a new stake in Oxford Lane Capital during the 4th quarter valued at about $37,000. WPG Advisers LLC grew its position in Oxford Lane Capital by 79.6% during the 1st quarter. WPG Advisers LLC now owns 3,914 shares of the investment management company’s stock valued at $38,000 after purchasing an additional 1,735 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in Oxford Lane Capital by 377.2% during the 4th quarter. Sunbelt Securities Inc. now owns 3,827 shares of the investment management company’s stock valued at $56,000 after purchasing an additional 3,025 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 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.