Oxford Lane Capital (NASDAQ:OXLC) Hits New 1-Year Low – Should You Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLC) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $4.67 and last traded at $4.77, with a volume of 13896819 shares trading hands. The stock had previously closed at $5.00.

Oxford Lane Capital Stock Down 6.2 %

The company has a market cap of $1.62 billion, a price-to-earnings ratio of 5.65 and a beta of 1.17. The business has a fifty day simple moving average of $5.09 and a 200 day simple moving average of $5.20.

Oxford Lane Capital (NASDAQ:OXLC) last announced its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.08 annualized dividend and a yield of 23.03%. Oxford Lane Capital’s dividend payout ratio (DPR) is currently 126.51%.

Institutional Trading of Oxford Lane Capital

Several institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC raised its position in shares of Oxford Lane Capital by 333.5% during the 4th quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock worth $4,874,000 after purchasing an additional 739,506 shares during the last quarter. TrueMark Investments LLC increased its position in Oxford Lane Capital by 88.5% during the fourth quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company’s stock worth $5,060,000 after buying an additional 468,696 shares in the last quarter. Border to Coast Pensions Partnership Ltd raised its holdings in shares of Oxford Lane Capital by 31.7% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock worth $9,373,000 after acquiring an additional 445,000 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Oxford Lane Capital by 905.9% in the fourth quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company’s stock valued at $2,379,000 after acquiring an additional 422,593 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Oxford Lane Capital by 42.7% during the fourth quarter. LPL Financial LLC now owns 897,345 shares of the investment management company’s stock valued at $4,550,000 after acquiring an additional 268,631 shares during the last quarter. Hedge funds and other institutional investors own 6.74% of the company’s stock.

About Oxford Lane Capital

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.