Shares of Oxford Lane Capital Corp (NASDAQ:OXLC) were down 5.8% during mid-day trading on Monday . The stock traded as low as $9.38 and last traded at $9.45. Approximately 1,169,014 shares traded hands during mid-day trading, an increase of 150% from the average daily volume of 468,223 shares. The stock had previously closed at $10.03.

Separately, Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $11.00 target price (up previously from $10.25) on shares of Oxford Lane Capital in a research note on Thursday, October 5th.

The company has a market cap of $241.93, a P/E ratio of 6.90 and a beta of 1.01.

The company also recently announced a monthly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 22nd will be paid a $0.135 dividend. This represents a $1.62 annualized dividend and a yield of 17.14%. The ex-dividend date is Wednesday, March 21st. Oxford Lane Capital’s dividend payout ratio is currently 116.79%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP boosted its stake in Oxford Lane Capital by 66.1% in the second quarter. GSA Capital Partners LLP now owns 18,600 shares of the investment management company’s stock worth $184,000 after buying an additional 7,400 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Oxford Lane Capital in the third quarter worth approximately $147,000. Belpointe Asset Management LLC bought a new stake in Oxford Lane Capital in the third quarter valued at approximately $163,000. Susquehanna International Group LLP bought a new stake in Oxford Lane Capital in the third quarter valued at approximately $166,000. Finally, Nine Chapters Capital Management LLC bought a new stake in Oxford Lane Capital in the third quarter valued at approximately $241,000.

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Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. is a non-diversified closed-end management investment company. The Fund’s investment objective is to maximize its portfolio’s risk adjusted total return and seeks to achieve its investment objective by investing in structured finance investments, specifically collateralized loan obligation (CLO) vehicles, which primarily own senior corporate debt securities.

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