Oxford Lane Capital (NASDAQ:OXLC) Stock Price Up 2.7% – What’s Next?

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) shot up 2.7% on Monday . The stock traded as high as $4.75 and last traded at $4.70. 3,266,898 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 4,680,858 shares. The stock had previously closed at $4.57.

Oxford Lane Capital Stock Performance

The stock has a market capitalization of $1.61 billion, a P/E ratio of 5.61 and a beta of 1.17. The stock has a 50-day simple moving average of $4.98 and a 200 day simple moving average of $5.14.

Oxford Lane Capital (NASDAQ:OXLC) last announced its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital’s dividend payout ratio is presently 127.71%.

Hedge Funds Weigh In On Oxford Lane Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. SWAN Capital LLC acquired a new stake in shares of Oxford Lane Capital during the fourth quarter worth $30,000. Lewis Asset Management LLC acquired a new position in shares of Oxford Lane Capital during the fourth quarter worth about $51,000. Titleist Asset Management LLC bought a new position in shares of Oxford Lane Capital during the fourth quarter worth about $51,000. Choreo LLC acquired a new stake in Oxford Lane Capital in the 4th quarter valued at approximately $51,000. Finally, Walkner Condon Financial Advisors LLC acquired a new position in Oxford Lane Capital during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

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.