Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) declared a monthly dividend on Friday, October 24th. Investors of record on Friday, February 13th will be paid a dividend of 0.125 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, February 13th.
Oxford Lane Capital Price Performance
NASDAQ:OXLCO opened at $23.64 on Wednesday. Oxford Lane Capital has a 12 month low of $22.28 and a 12 month high of $24.01. The business’s fifty day moving average price is $23.52 and its 200 day moving average price is $23.38.
Institutional Investors Weigh In On Oxford Lane Capital
A hedge fund recently bought a new stake in Oxford Lane Capital stock. NBC Securities Inc. purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCO – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,267 shares of the company’s stock, valued at approximately $76,000.
About Oxford Lane Capital
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.
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