Oxford Lane Capital (NASDAQ:OXLCO) Shares Down 0.4% – Here’s What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLCOGet Free Report)’s stock price dropped 0.4% during mid-day trading on Friday . The stock traded as low as $24.05 and last traded at $23.9660. Approximately 3,494 shares were traded during mid-day trading, an increase of 35% from the average session volume of 2,580 shares. The stock had previously closed at $24.07.

Oxford Lane Capital Stock Down 0.4%

The business has a fifty day moving average of $23.99 and a 200 day moving average of $23.76.

Oxford Lane Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

Hedge Funds Weigh In On Oxford Lane Capital

A hedge fund recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCOFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital makes up approximately 2.5% of Karpus Management Inc.’s holdings, making the stock its 14th largest position.

About Oxford Lane Capital

(Get Free Report)

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.

Further Reading

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