Oxford Lane Capital Corp. (NASDAQ:OXLC) to Issue $0.20 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Thursday, January 29th. Shareholders of record on Thursday, April 16th will be paid a dividend of 0.20 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a yield of 19.8%. The ex-dividend date of this dividend is Thursday, April 16th.

Oxford Lane Capital has a dividend payout ratio of 509.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Oxford Lane Capital Stock Performance

OXLC stock traded down $2.14 during midday trading on Friday, reaching $12.12. 8,167,207 shares of the company traded hands, compared to its average volume of 1,425,625. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 2.06 and a beta of 0.70. Oxford Lane Capital has a 52-week low of $11.96 and a 52-week high of $25.95. The business has a 50 day moving average of $14.47 and a 200-day moving average of $16.09.

Oxford Lane Capital (NASDAQ:OXLC) last issued its quarterly earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($1.01). The firm had revenue of $128.30 million during the quarter, compared to analysts’ expectations of $247.87 million.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Camelot Portfolios LLC purchased a new position in Oxford Lane Capital in the fourth quarter worth $29,000. Kestra Private Wealth Services LLC purchased a new position in shares of Oxford Lane Capital in the fourth quarter worth $148,000. Freestone Capital Holdings LLC grew its holdings in shares of Oxford Lane Capital by 49.0% during the fourth quarter. Freestone Capital Holdings LLC now owns 141,379 shares of the investment management company’s stock valued at $2,070,000 after buying an additional 46,500 shares during the last quarter. Burney Co. acquired a new position in shares of Oxford Lane Capital in the 4th quarter valued at $185,000. Finally, Sound Income Strategies LLC purchased a new position in Oxford Lane Capital in the 4th quarter worth $37,000. 6.74% of the stock is owned by institutional investors.

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.