Oxford Lane Capital (NASDAQ:OXLCN) Trading Down 0.3% – Here’s What Happened

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCN) were down 0.3% during mid-day trading on Wednesday . The company traded as low as $24.73 and last traded at $24.7340. 2,868 shares were traded during mid-day trading, a decline of 9% from the average session volume of 3,160 shares. The stock had previously closed at $24.80.

Oxford Lane Capital Trading Down 0.3%

The firm’s fifty day moving average price is $24.79 and its 200-day moving average price is $24.56.

Oxford Lane Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a $0.1484 dividend. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a yield of 7.2%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital accounts for 3.0% of Karpus Management Inc.’s investment portfolio, making the stock its 11th biggest holding.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.