Oxford Lane Capital Corp. Announces Monthly Dividend of $0.13 (NASDAQ:OXLCP)

Oxford Lane Capital Corp. (NASDAQ:OXLCP) announced a monthly dividend on Thursday, January 29th. Investors of record on Friday, May 15th will be given a dividend of 0.1302 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, May 15th.

Oxford Lane Capital Stock Down 0.3%

Shares of NASDAQ OXLCP traded down $0.08 during midday trading on Friday, hitting $24.67. The company had a trading volume of 15,857 shares, compared to its average volume of 6,778. The business has a 50-day simple moving average of $24.62 and a two-hundred day simple moving average of $24.51. Oxford Lane Capital has a twelve month low of $23.75 and a twelve month high of $24.97.

Hedge Funds Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Resources Management Corp CT ADV acquired a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCP) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,200 shares of the company’s stock, valued at approximately $320,000.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed‐end, externally managed registered investment company listed on the NASDAQ under the ticker symbol OXLCP. The firm’s primary objective is to generate high current income and capital appreciation potential by investing in collateralized loan obligations (CLOs). It employs a hybrid investment strategy that includes both debt and equity tranches of U.S. senior secured loans, providing investors with exposure to floating‐rate assets that can adjust with interest‐rate movements.

The company’s portfolio is predominantly comprised of equity and debt tranches of newly issued and seasoned CLOs managed by established asset managers.