Oxford Lane Capital (NASDAQ:OXLCN) Trading Down 0.3% – Here’s Why

Oxford Lane Capital Corp. (NASDAQ:OXLCN)’s share price was down 0.3% during mid-day trading on Monday . The company traded as low as $24.70 and last traded at $24.70. Approximately 6,436 shares changed hands during trading, an increase of 107% from the average session volume of 3,105 shares. The stock had previously closed at $24.78.

Oxford Lane Capital Price Performance

The firm’s 50 day moving average price is $24.75 and its 200-day moving average price is $24.59.

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a $0.1484 dividend. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Monday, November 16th.

Hedge Funds Weigh In On Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital accounts for 3.0% of Karpus Management Inc.’s portfolio, making the stock its 11th largest holding.

About Oxford Lane Capital

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.