Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Rating) declared a monthly dividend on Thursday, August 4th, Wall Street Journal reports. Stockholders of record on Monday, October 17th will be paid a dividend of 0.075 per share by the investment management company on Monday, October 31st. This represents a $0.90 annualized dividend and a dividend yield of 14.22%. The ex-dividend date of this dividend is Friday, October 14th.
Oxford Lane Capital has decreased its dividend by an average of 19.9% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Oxford Lane Capital has a payout ratio of 94.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.
Oxford Lane Capital Price Performance
Shares of NASDAQ OXLC opened at $6.33 on Friday. Oxford Lane Capital has a 12 month low of $5.49 and a 12 month high of $8.53. The business has a 50-day moving average of $6.18 and a 200-day moving average of $6.87.
Institutional Trading of Oxford Lane Capital
A number of hedge funds have recently bought and sold shares of the company. Raymond James & Associates lifted its position in Oxford Lane Capital by 42.8% in the first quarter. Raymond James & Associates now owns 32,536 shares of the investment management company’s stock valued at $236,000 after purchasing an additional 9,746 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Oxford Lane Capital by 55.5% during the first quarter. Private Advisor Group LLC now owns 34,088 shares of the investment management company’s stock valued at $247,000 after buying an additional 12,165 shares during the period. United Capital Financial Advisers LLC purchased a new position in shares of Oxford Lane Capital during the first quarter valued at approximately $109,000. Wetherby Asset Management Inc. purchased a new position in shares of Oxford Lane Capital during the first quarter valued at approximately $145,000. Finally, Quantbot Technologies LP purchased a new position in shares of Oxford Lane Capital during the first quarter valued at approximately $186,000.
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.
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