Oxford Lane Capital (NASDAQ:OXLC) Hits New 52-Week Low – What’s Next?

Oxford Lane Capital Corp. (NASDAQ:OXLC) shares reached a new 52-week low during trading on Monday . The stock traded as low as $4.66 and last traded at $4.68, with a volume of 7892550 shares. The stock had previously closed at $4.70.

Oxford Lane Capital Trading Down 1.8 %

The business’s fifty day simple moving average is $5.04 and its 200-day simple moving average is $5.17. The firm has a market cap of $1.53 billion, a P/E ratio of 5.33 and a beta of 1.17.

Oxford Lane Capital (NASDAQ:OXLC) last issued its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.39).

Oxford Lane Capital Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital’s dividend payout ratio is currently 126.51%.

Institutional Trading of Oxford Lane Capital

Several institutional investors and hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC increased its holdings in shares of Oxford Lane Capital by 333.5% in the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock worth $4,874,000 after purchasing an additional 739,506 shares during the period. TrueMark Investments LLC increased its stake in Oxford Lane Capital by 88.5% in the 4th quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company’s stock worth $5,060,000 after acquiring an additional 468,696 shares during the last quarter. Border to Coast Pensions Partnership Ltd raised its holdings in shares of Oxford Lane Capital by 31.7% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock valued at $9,373,000 after acquiring an additional 445,000 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Oxford Lane Capital by 905.9% during the fourth quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company’s stock worth $2,379,000 after purchasing an additional 422,593 shares in the last quarter. Finally, LPL Financial LLC grew its stake in Oxford Lane Capital by 42.7% in the 4th quarter. LPL Financial LLC now owns 897,345 shares of the investment management company’s stock worth $4,550,000 after buying an additional 268,631 shares in the last quarter. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

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.