Oxford Lane Capital (NASDAQ:OXLC) Trading Up 4.9% – Here’s What Happened

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) were up 4.9% during trading on Friday . The company traded as high as $4.60 and last traded at $4.58. Approximately 3,909,563 shares were traded during trading, a decline of 16% from the average daily volume of 4,645,215 shares. The stock had previously closed at $4.36.

Oxford Lane Capital Stock Up 5.2 %

The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 5.52 and a beta of 1.17. The stock has a 50 day moving average price of $5.01 and a 200 day moving average price of $5.16.

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 Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given 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 126.51%.

Hedge Funds Weigh In On Oxford Lane Capital

Hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. bought a new position in shares of Oxford Lane Capital during the third quarter worth about $777,000. Border to Coast Pensions Partnership Ltd increased its holdings in Oxford Lane Capital by 31.7% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock worth $9,373,000 after purchasing an additional 445,000 shares in the last quarter. Realta Investment Advisors increased its holdings in Oxford Lane Capital by 15.9% in the fourth quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock worth $5,254,000 after purchasing an additional 141,536 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in Oxford Lane Capital in the fourth quarter worth approximately $290,000. Finally, J.W. Cole Advisors Inc. increased its holdings in Oxford Lane Capital by 25.3% in the fourth quarter. J.W. Cole Advisors Inc. now owns 286,260 shares of the investment management company’s stock worth $1,451,000 after purchasing an additional 57,865 shares in the last quarter. 6.74% of the stock is currently owned by 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.