Oxford Lane Capital (NASDAQ:OXLC) Sees Strong Trading Volume – Should You Buy?

Oxford Lane Capital Corp. (NASDAQ:OXLC) shares saw unusually-strong trading volume on Tuesday . Approximately 1,736,289 shares traded hands during trading, a decline of 49% from the previous session’s volume of 3,393,655 shares.The stock last traded at $5.13 and had previously closed at $5.15.

Oxford Lane Capital Stock Performance

The company has a 50-day simple moving average of $5.26 and a two-hundred day simple moving average of $5.35. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 3.61 and a beta of 1.15.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 21.39%. The ex-dividend date is Monday, March 17th. Oxford Lane Capital’s payout ratio is currently 72.86%.

Institutional Investors Weigh In On Oxford Lane Capital

Several hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new position in shares of Oxford Lane Capital in the second quarter valued at about $1,708,000. Rockefeller Capital Management L.P. bought a new position in Oxford Lane Capital in the 3rd quarter valued at about $777,000. Wedbush Securities Inc. lifted its position in Oxford Lane Capital by 36.4% during the second quarter. Wedbush Securities Inc. now owns 1,016,222 shares of the investment management company’s stock worth $5,508,000 after acquiring an additional 271,369 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Oxford Lane Capital by 198.1% during the second quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company’s stock worth $2,680,000 after acquiring an additional 328,553 shares during the period. Finally, Border to Coast Pensions Partnership Ltd acquired a new position in shares of Oxford Lane Capital in the third quarter valued at approximately $7,341,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Company Profile

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.