Oxford Lane Capital (NASDAQ:OXLC) Trading 0.2% Higher

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s stock price shot up 0.2% on Tuesday . The company traded as high as $5.27 and last traded at $5.25. 844,020 shares traded hands during trading, a decline of 74% from the average session volume of 3,217,930 shares. The stock had previously closed at $5.24.

Oxford Lane Capital Stock Down 0.6 %

The company’s 50-day simple moving average is $5.34 and its 200-day simple moving average is $5.32. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 5.20 and a beta of 1.15.

Oxford Lane Capital Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, October 17th. Oxford Lane Capital’s dividend payout ratio is 99.01%.

Institutional Trading of Oxford Lane Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. increased its position in shares of Oxford Lane Capital by 14.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 57,689 shares of the investment management company’s stock worth $285,000 after acquiring an additional 7,469 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Oxford Lane Capital during the 4th quarter valued at $96,000. Park Avenue Securities LLC lifted its holdings in shares of Oxford Lane Capital by 88.2% in the first quarter. Park Avenue Securities LLC now owns 37,579 shares of the investment management company’s stock valued at $191,000 after purchasing an additional 17,608 shares in the last quarter. &PARTNERS boosted its position in shares of Oxford Lane Capital by 4.0% in the first quarter. &PARTNERS now owns 263,311 shares of the investment management company’s stock worth $1,338,000 after buying an additional 10,120 shares during the period. Finally, Hartline Investment Corp purchased a new position in shares of Oxford Lane Capital during the first quarter valued at $74,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

About Oxford Lane Capital

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.