Oxford Lane Capital (NASDAQ:OXLCM) Stock Price Down 0.1% – Should You Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLCM)’s stock price traded down 0.1% during mid-day trading on Wednesday . The company traded as low as $25.22 and last traded at $25.2350. 9,354 shares were traded during trading, a decline of 57% from the average session volume of 21,704 shares. The stock had previously closed at $25.25.

Oxford Lane Capital Stock Performance

The business has a 50 day moving average of $24.90 and a 200-day moving average of $24.95.

Oxford Lane Capital Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $0.1719 per share. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Friday, May 15th.

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. Oxford Lane Capital Corp was formed on June 9, 2010 and is domiciled in the United States.