Oxford Lane Capital (NASDAQ:OXLC) Trading Down 4.1% – Here’s What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s share price fell 4.1% during trading on Wednesday . The stock traded as low as $8.55 and last traded at $8.4160. Approximately 420,444 shares were traded during trading, a decline of 72% from the average daily volume of 1,526,447 shares. The stock had previously closed at $8.78.

Oxford Lane Capital Trading Down 0.6%

The business’s 50-day simple moving average is $9.80 and its 200 day simple moving average is $11.13. The company has a market capitalization of $754.10 million, a P/E ratio of 1.29 and a beta of 0.63.

Oxford Lane Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.20 per share. This represents a c) dividend on an annualized basis and a yield of 28.8%. The ex-dividend date of this dividend is Wednesday, September 16th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 67.34%.

Hedge Funds Weigh In On Oxford Lane Capital

Hedge funds have recently modified their holdings of the company. Osbon Capital Management LLC acquired a new stake in shares of Oxford Lane Capital in the fourth quarter valued at $29,000. Camelot Portfolios LLC acquired a new position in Oxford Lane Capital during the fourth quarter worth about $29,000. Sound Income Strategies LLC acquired a new position in Oxford Lane Capital during the fourth quarter worth about $37,000. Sunbelt Securities Inc. raised its position in Oxford Lane Capital by 377.2% in the fourth quarter. Sunbelt Securities Inc. now owns 3,827 shares of the investment management company’s stock worth $56,000 after acquiring an additional 3,025 shares in the last quarter. Finally, WPG Advisers LLC raised its position in Oxford Lane Capital by 79.6% in the first quarter. WPG Advisers LLC now owns 3,914 shares of the investment management company’s stock worth $38,000 after acquiring an additional 1,735 shares in the last quarter. 6.74% of the stock is currently owned by institutional investors and hedge funds.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.