Oxford Lane Capital (NASDAQ:OXLC) Trading Down 3.9% – Time to Sell?

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s share price traded down 3.9% during trading on Wednesday . The company traded as low as $4.38 and last traded at $4.32. 2,817,129 shares were traded during mid-day trading, a decline of 38% from the average session volume of 4,512,437 shares. The stock had previously closed at $4.49.

Oxford Lane Capital Trading Down 5.0 %

The firm has a market capitalization of $1.48 billion, a PE ratio of 5.14 and a beta of 1.17. The stock has a 50 day simple moving average of $5.04 and a 200 day simple moving average of $5.17.

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

Oxford Lane Capital Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders 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 (DPR) is presently 126.51%.

Hedge Funds Weigh In On Oxford Lane Capital

Several hedge funds have recently made changes to their positions in OXLC. Merkkuri Wealth Advisors LLC boosted its position in shares of Oxford Lane Capital by 20.8% during the fourth quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company’s stock valued at $62,000 after purchasing an additional 2,100 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Oxford Lane Capital by 5.5% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,910 shares of the investment management company’s stock valued at $304,000 after purchasing an additional 3,125 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Oxford Lane Capital by 31.1% during the third quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock valued at $71,000 after purchasing an additional 3,229 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Oxford Lane Capital by 16.5% during the third quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company’s stock valued at $143,000 after purchasing an additional 3,865 shares in the last quarter. Finally, SWAN Capital LLC bought a new stake in shares of Oxford Lane Capital during the fourth quarter valued at approximately $30,000. 6.74% of the stock is 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.