Oxford Lane Capital (NASDAQ:OXLC) Hits New 1-Year Low – Here’s Why

Oxford Lane Capital Corp. (NASDAQ:OXLC) hit a new 52-week low during trading on Thursday . The company traded as low as $8.68 and last traded at $8.6790, with a volume of 711608 shares changing hands. The stock had previously closed at $8.96.

Oxford Lane Capital Price Performance

The stock’s 50-day moving average price is $12.88 and its 200-day moving average price is $14.97. The company has a market cap of $785.37 million, a P/E ratio of 1.36 and a beta of 0.73.

Oxford Lane Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.20 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 27.7%. The ex-dividend date is Tuesday, June 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OXLC. Barclays PLC bought a new stake in Oxford Lane Capital during the fourth quarter worth about $24,253,000. North Ground Capital raised its position in shares of Oxford Lane Capital by 144.6% in the 4th quarter. North Ground Capital now owns 1,032,585 shares of the investment management company’s stock valued at $15,117,000 after buying an additional 610,363 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Oxford Lane Capital by 1,520.4% during the 2nd quarter. Jane Street Group LLC now owns 594,696 shares of the investment management company’s stock worth $2,498,000 after acquiring an additional 557,996 shares during the period. Eagle Point Credit Management LLC acquired a new stake in shares of Oxford Lane Capital during the 4th quarter worth approximately $7,272,000. Finally, Bulldog Investors LLP bought a new position in Oxford Lane Capital in the third quarter valued at approximately $7,573,000. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.