Oxford Lane Capital (NASDAQ:OXLCN) Trading Up 0.2% – Time to Buy?

Oxford Lane Capital Corp. (NASDAQ:OXLCNGet Free Report) traded up 0.2% during trading on Monday . The company traded as high as $24.72 and last traded at $24.6810. Approximately 3,752 shares changed hands during mid-day trading, an increase of 25% from the average session volume of 2,995 shares. The stock had previously closed at $24.62.

Oxford Lane Capital Trading Up 0.2%

The firm has a 50-day simple moving average of $24.70 and a two-hundred day simple moving average of $24.61.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be paid a $0.1484 dividend. The ex-dividend date is Monday, November 16th. This represents a c) annualized dividend and a dividend yield of 7.2%.

Institutional Trading of Oxford Lane Capital

A hedge fund recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCNFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital accounts for about 3.0% of Karpus Management Inc.’s investment portfolio, making the stock its 11th largest holding.

Oxford Lane Capital Company Profile

(Get Free Report)

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.

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