Oxford Lane Capital (NASDAQ:OXLC – Get Free Report) issued its earnings results on Monday. The investment management company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.39), Zacks reports.
Oxford Lane Capital Stock Down 0.2 %
OXLC stock opened at $5.11 on Tuesday. The firm has a 50 day moving average of $5.15 and a two-hundred day moving average of $5.27. Oxford Lane Capital has a 12 month low of $4.95 and a 12 month high of $5.78. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 3.65 and a beta of 1.15.
Oxford Lane Capital Dividend Announcement
The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 20th will be given a dividend of $0.09 per share. This represents a yield of 21.26%. The ex-dividend date of this dividend is Friday, January 17th. Oxford Lane Capital’s payout ratio is presently 74.29%.
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.
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