Oxford Lane Capital (NASDAQ:OXLC) Stock Price Down 0.3% – Should You Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLC) fell 0.3% on Friday . The stock traded as low as $4.62 and last traded at $4.65. 1,328,515 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 4,697,600 shares. The stock had previously closed at $4.66.

Oxford Lane Capital Stock Performance

The stock has a fifty day moving average of $4.96 and a 200-day moving average of $5.13. The company has a market cap of $1.60 billion, a PE ratio of 5.58 and a beta of 1.17.

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

Oxford Lane Capital Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders 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%.

Institutional Investors Weigh In On Oxford Lane Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Border to Coast Pensions Partnership Ltd raised its position in shares of Oxford Lane Capital by 31.7% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock valued at $9,373,000 after purchasing an additional 445,000 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of Oxford Lane Capital by 10.0% during the 4th quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company’s stock valued at $6,043,000 after buying an additional 107,951 shares during the last quarter. Realta Investment Advisors boosted its stake in shares of Oxford Lane Capital by 15.9% in the fourth quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock worth $5,254,000 after buying an additional 141,536 shares during the last quarter. TrueMark Investments LLC raised its position in Oxford Lane Capital by 88.5% during the fourth quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company’s stock valued at $5,060,000 after acquiring an additional 468,696 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in Oxford Lane Capital by 333.5% in the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock valued at $4,874,000 after acquiring an additional 739,506 shares during the period. Hedge funds and other institutional investors 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.