Oxford Lane Capital (NASDAQ:OXLC) Stock Price Up 0.2% – Should You Buy?

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s share price shot up 0.2% during mid-day trading on Wednesday . The company traded as high as $5.31 and last traded at $5.30. 448,175 shares changed hands during trading, a decline of 86% from the average session volume of 3,247,120 shares. The stock had previously closed at $5.29.

Oxford Lane Capital Stock Performance

The company’s 50-day simple moving average is $5.30 and its 200 day simple moving average is $5.32. The company has a market cap of $1.27 billion, a PE ratio of 5.25 and a beta of 1.15.

Oxford Lane Capital Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, October 17th. Oxford Lane Capital’s payout ratio is 99.01%.

Hedge Funds Weigh In On Oxford Lane Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Freestate Advisors LLC acquired a new stake in Oxford Lane Capital in the third quarter valued at approximately $72,000. Sage Capital Advisors llc raised its holdings in shares of Oxford Lane Capital by 6.3% in the 3rd quarter. Sage Capital Advisors llc now owns 85,082 shares of the investment management company’s stock valued at $446,000 after purchasing an additional 5,030 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Oxford Lane Capital in the 2nd quarter valued at $160,000. Founders Financial Alliance LLC lifted its position in shares of Oxford Lane Capital by 37.6% during the 2nd quarter. Founders Financial Alliance LLC now owns 158,098 shares of the investment management company’s stock worth $857,000 after purchasing an additional 43,170 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of Oxford Lane Capital by 74.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 87,426 shares of the investment management company’s stock worth $474,000 after purchasing an additional 37,206 shares in the last quarter. Hedge funds and other institutional investors own 6.74% of the company’s stock.

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.