Oxford Lane Capital (NASDAQ:OXLC) Trading Up 0.2% – Here’s Why

Oxford Lane Capital Corp. (NASDAQ:OXLC) shares rose 0.2% during mid-day trading on Wednesday . The company traded as high as $5.31 and last traded at $5.30. Approximately 448,175 shares were traded during trading, a decline of 86% from the average daily volume of 3,247,120 shares. The stock had previously closed at $5.29.

Oxford Lane Capital Trading Up 0.2 %

The firm’s fifty day moving average is $5.31 and its 200-day moving average is $5.32. The stock has a market capitalization of $1.27 billion, a PE ratio of 5.25 and a beta of 1.15.

Oxford Lane Capital Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hartline Investment Corp acquired a new stake in shares of Oxford Lane Capital during the first quarter worth $74,000. EverSource Wealth Advisors LLC bought a new position in shares of Oxford Lane Capital in the 2nd quarter valued at $89,000. Maia Wealth LLC bought a new position in shares of Oxford Lane Capital in the 2nd quarter valued at $95,000. Nomura Holdings Inc. bought a new position in shares of Oxford Lane Capital in the 4th quarter valued at $96,000. Finally, Essex Financial Services Inc. grew its holdings in Oxford Lane Capital by 41.7% during the 2nd quarter. Essex Financial Services Inc. now owns 24,089 shares of the investment management company’s stock worth $131,000 after acquiring an additional 7,089 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.