Oxford Lane Capital (NASDAQ:OXLC) Sees Unusually-High Trading Volume – Here’s Why

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) saw strong trading volume on Tuesday . 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 Down 1.0 %

The stock has a fifty day moving average price of $5.26 and a two-hundred day moving average price of $5.35. The company 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 21.39%. The ex-dividend date is Monday, March 17th. Oxford Lane Capital’s dividend payout ratio (DPR) is 72.86%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Border to Coast Pensions Partnership Ltd bought a new stake in Oxford Lane Capital during the third quarter worth $7,341,000. Wedbush Securities Inc. increased its position in Oxford Lane Capital by 36.4% during the 2nd quarter. Wedbush Securities Inc. now owns 1,016,222 shares of the investment management company’s stock worth $5,508,000 after purchasing an additional 271,369 shares in the last quarter. Realta Investment Advisors lifted its stake in Oxford Lane Capital by 244.8% in the 3rd quarter. Realta Investment Advisors now owns 888,696 shares of the investment management company’s stock valued at $4,701,000 after purchasing an additional 630,942 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Oxford Lane Capital by 198.1% in the second quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company’s stock valued at $2,680,000 after buying an additional 328,553 shares in the last quarter. Finally, Delphi Financial Group Inc. grew its stake in shares of Oxford Lane Capital by 36.8% during the third quarter. Delphi Financial Group Inc. now owns 480,221 shares of the investment management company’s stock worth $2,516,000 after buying an additional 129,184 shares during the last quarter. 6.74% of the stock is owned by institutional investors.

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.