Oxford Lane Capital (NASDAQ:OXLC) Sets New 1-Year Low – Here’s What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLC) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $8.15 and last traded at $8.1650, with a volume of 1767918 shares traded. The stock had previously closed at $8.55.

Oxford Lane Capital Trading Down 4.1%

The business has a 50 day moving average price of $11.49 and a 200-day moving average price of $14.22. The firm has a market capitalization of $743.22 million, a PE ratio of 1.26 and a beta of 0.78.

Oxford Lane Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 29.3%.

Institutional Investors Weigh In On Oxford Lane Capital

Several institutional investors have recently made changes to their positions in the stock. Capital CS Group LLC increased its holdings in shares of Oxford Lane Capital by 7.4% in the 4th quarter. Capital CS Group LLC now owns 16,424 shares of the investment management company’s stock valued at $240,000 after purchasing an additional 1,126 shares in the last quarter. WPG Advisers LLC boosted its holdings in Oxford Lane Capital by 87.5% during the third quarter. WPG Advisers LLC now owns 2,620 shares of the investment management company’s stock worth $44,000 after buying an additional 1,223 shares in the last quarter. McIlrath & Eck LLC boosted its holdings in Oxford Lane Capital by 31.5% during the fourth quarter. McIlrath & Eck LLC now owns 6,167 shares of the investment management company’s stock worth $90,000 after buying an additional 1,476 shares in the last quarter. Eight 31 Financial LLC grew its position in Oxford Lane Capital by 8.2% during the fourth quarter. Eight 31 Financial LLC now owns 21,069 shares of the investment management company’s stock worth $308,000 after buying an additional 1,588 shares during the period. Finally, Camelot Portfolios LLC acquired a new position in Oxford Lane Capital during the fourth quarter worth about $29,000. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.