Oxford Lane Capital (NASDAQ:OXLCI – Get Free Report) is expected to be posting its resultson Tuesday, May 12th. Analysts expect Oxford Lane Capital to post earnings of $2.26 per share and revenue of $244.2660 million for the quarter.
Oxford Lane Capital Stock Performance
Shares of OXLCI stock traded up $0.01 during trading hours on Tuesday, reaching $25.69. 425 shares of the company’s stock were exchanged, compared to its average volume of 7,287. The stock’s 50 day moving average is $25.49 and its 200-day moving average is $25.65. Oxford Lane Capital has a fifty-two week low of $25.10 and a fifty-two week high of $26.25.
Oxford Lane Capital Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.5469 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.5%.
Hedge Funds Weigh In On Oxford Lane Capital
Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.
Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.
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