Oxford Lane Capital (NASDAQ:OXLC) Stock Price Up 0.8% – What’s Next?

Oxford Lane Capital Corp. (NASDAQ:OXLC) shot up 0.8% during trading on Thursday . The stock traded as high as $4.35 and last traded at $4.34. 3,163,534 shares were traded during trading, a decline of 32% from the average session volume of 4,623,754 shares. The stock had previously closed at $4.30.

Oxford Lane Capital Stock Up 4.8 %

The firm has a 50 day simple moving average of $5.00 and a 200-day simple moving average of $5.15. The stock has a market cap of $1.58 billion, a P/E ratio of 5.51 and a beta of 1.17.

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

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital’s dividend payout ratio is 126.51%.

Hedge Funds Weigh In On Oxford Lane Capital

Large investors have recently made changes to their positions in the company. SWAN Capital LLC bought a new position in shares of Oxford Lane Capital during the fourth quarter worth approximately $30,000. Lewis Asset Management LLC bought a new position in Oxford Lane Capital during the 4th quarter worth $51,000. Walkner Condon Financial Advisors LLC bought a new position in Oxford Lane Capital during the 4th quarter worth $51,000. Choreo LLC acquired a new stake in shares of Oxford Lane Capital in the 4th quarter valued at $51,000. Finally, Titleist Asset Management LLC acquired a new stake in shares of Oxford Lane Capital in the 4th quarter valued at $51,000. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Company Profile

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.