Oxford Lane Capital (OXLCI) Projected to Post Quarterly Earnings on Tuesday

Oxford Lane Capital (NASDAQ:OXLCIGet 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

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. acquired a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCIFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 150,975 shares of the company’s stock, valued at approximately $3,871,000.

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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