Oxford Lane Capital (NASDAQ:OXLC) Shares Down 5.3% – Should You Sell?

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) dropped 5.3% during trading on Thursday . The company traded as low as $4.62 and last traded at $4.68. Approximately 5,023,677 shares changed hands during trading, an increase of 4% from the average daily volume of 4,808,119 shares. The stock had previously closed at $4.94.

Oxford Lane Capital Stock Performance

The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 5.64 and a beta of 1.17. The stock’s 50-day moving average price is $4.94 and its 200-day moving average price is $5.12.

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

Oxford Lane Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 23.08%. The ex-dividend date is Tuesday, September 16th. Oxford Lane Capital’s dividend payout ratio is currently 127.71%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SWAN Capital LLC purchased a new stake in Oxford Lane Capital during the 4th 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. Walkner Condon Financial Advisors LLC purchased a new stake in shares of Oxford Lane Capital in the fourth quarter worth about $51,000. Choreo LLC purchased a new stake in shares of Oxford Lane Capital during the 4th quarter valued at about $51,000. Finally, Titleist Asset Management LLC acquired a new stake in Oxford Lane Capital in the fourth quarter valued at approximately $51,000. 6.74% of the stock is owned by institutional investors and hedge funds.

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.