Oxford Lane Capital (NASDAQ:OXLC) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Oxford Lane Capital Corp. (NASDAQ:OXLC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.30 and traded as high as $9.69. Oxford Lane Capital shares last traded at $9.66, with a volume of 328,986 shares traded.

Oxford Lane Capital Price Performance

The stock has a 50 day moving average of $9.15 and a two-hundred day moving average of $9.30. The stock has a market capitalization of $878.73 million, a PE ratio of 1.40 and a beta of 0.64.

Oxford Lane Capital (NASDAQ:OXLC) last released its earnings results on Tuesday, July 28th. The investment management company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($1.31). The business had revenue of $166.25 million during the quarter, compared to the consensus estimate of $244.27 million.

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be given a dividend of $0.20 per share. This represents a c) annualized dividend and a yield of 24.8%. The ex-dividend date is Thursday, December 17th. Oxford Lane Capital’s dividend payout ratio is presently 51.87%.

Hedge Funds Weigh In On Oxford Lane Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in shares of Oxford Lane Capital in the 1st quarter worth about $31,171,000. Polar Asset Management Partners Inc. lifted its holdings in shares of Oxford Lane Capital by 17.5% in the second quarter. Polar Asset Management Partners Inc. now owns 2,350,000 shares of the investment management company’s stock valued at $20,586,000 after purchasing an additional 350,000 shares in the last quarter. Saba Capital Management L.P. acquired a new stake in shares of Oxford Lane Capital in the first quarter valued at approximately $18,114,000. Citadel Advisors LLC grew its position in shares of Oxford Lane Capital by 48.9% in the second quarter. Citadel Advisors LLC now owns 1,703,401 shares of the investment management company’s stock valued at $14,922,000 after purchasing an additional 559,421 shares during the last quarter. Finally, Barclays PLC purchased a new position in shares of Oxford Lane Capital during the 4th quarter worth approximately $24,253,000. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp is a 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.