Oxford Lane Capital Corp. (NASDAQ:OXLC) Shareholders Set to Receive $0.20 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) announced a monthly dividend on Thursday, July 23rd. Stockholders of record on Friday, October 16th will be given a dividend of $0.20 per share by the investment management company on Friday, October 30th. This represents a $2.40 annualized dividend and a dividend yield of 28.8%. The ex-dividend date is Friday, October 16th.

Oxford Lane Capital has a payout ratio of 345.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Oxford Lane Capital Stock Performance

Shares of Oxford Lane Capital stock opened at $8.34 on Wednesday. The firm has a market cap of $817.57 million, a PE ratio of 1.20 and a beta of 0.68. The firm’s 50-day simple moving average is $9.23 and its 200-day simple moving average is $9.36. Oxford Lane Capital has a 1 year low of $8.01 and a 1 year high of $16.82.

Oxford Lane Capital (NASDAQ:OXLC – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The investment management company reported $0.95 EPS for the quarter, missing the consensus estimate of $2.26 by ($1.31). The firm had revenue of $166.25 million for the quarter, compared to analyst estimates of $244.27 million.

Institutional Trading of Oxford Lane Capital

Several institutional investors and hedge funds have recently bought and sold shares of the company. Osbon Capital Management LLC bought a new position in Oxford Lane Capital during the fourth quarter worth $29,000. Integrated Wealth Concepts LLC acquired a new position in Oxford Lane Capital in the second quarter worth $35,000. WPG Advisers LLC increased its stake in Oxford Lane Capital by 79.6% during the first quarter. WPG Advisers LLC now owns 3,914 shares of the investment management company’s stock valued at $38,000 after purchasing an additional 1,735 shares during the last quarter. Legacy Wealth Managment LLC ID increased its stake in Oxford Lane Capital by 20.9% during the first quarter. Legacy Wealth Managment LLC ID now owns 6,010 shares of the investment management company’s stock valued at $59,000 after purchasing an additional 1,040 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Oxford Lane Capital by 62.8% during the first quarter. EverSource Wealth Advisors LLC now owns 7,000 shares of the investment management company’s stock valued at $68,000 after purchasing an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Company Profile

(Get Free Report)

Oxford Lane Capital Corp. (NASDAQ: OXLC) is a closed-end management investment company focused on investing in collateralized loan obligations (CLOs). The company primarily seeks exposure to the equity and junior debt tranches of CLO vehicles, which are backed largely by portfolios of senior secured loans made to companies.

Through its CLO investments, Oxford Lane seeks to generate current income and, to a lesser extent, capital appreciation. Its portfolio may also include other structured finance investments and related debt instruments.

Further Reading

Dividend History for Oxford Lane Capital (NASDAQ:OXLC)

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