Oxford Lane Capital (NASDAQ:OXLC) Shares Up 4.9% – Here’s What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLC) shares traded up 4.9% on Friday . The company traded as high as $4.60 and last traded at $4.58. 3,909,563 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 4,645,215 shares. The stock had previously closed at $4.36.

Oxford Lane Capital Trading Up 4.8 %

The company has a market capitalization of $1.58 billion, a PE ratio of 5.51 and a beta of 1.17. The company’s 50 day moving average price is $5.00 and its 200-day moving average price is $5.15.

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

Oxford Lane Capital Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Border to Coast Pensions Partnership Ltd lifted its position in Oxford Lane Capital by 31.7% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock valued at $9,373,000 after buying an additional 445,000 shares in the last quarter. Wedbush Securities Inc. lifted its position in Oxford Lane Capital by 10.0% during the fourth quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company’s stock valued at $6,043,000 after buying an additional 107,951 shares in the last quarter. Realta Investment Advisors lifted its position in Oxford Lane Capital by 15.9% during the fourth quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock valued at $5,254,000 after buying an additional 141,536 shares in the last quarter. TrueMark Investments LLC lifted 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 valued at $5,060,000 after buying an additional 468,696 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in Oxford Lane Capital by 333.5% during the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock valued at $4,874,000 after buying an additional 739,506 shares in the last quarter. 6.74% of the stock is owned by institutional investors and hedge funds.

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.