Oxford Lane Capital (OXLC) Trading Down 5.8%

Shares of Oxford Lane Capital Corp (NASDAQ:OXLC) were down 5.8% during trading on Monday . The stock traded as low as $9.38 and last traded at $9.45. Approximately 1,169,014 shares were traded during mid-day trading, an increase of 150% from the average daily volume of 468,223 shares. The stock had previously closed at $10.03.

Separately, Ladenburg Thalmann Financial Services restated a “buy” rating and issued a $11.00 price objective (up from $10.25) on shares of Oxford Lane Capital in a report on Thursday, October 5th.

The firm has a market cap of $240.24, a price-to-earnings ratio of 7.27 and a beta of 1.01.

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 22nd will be issued a $0.135 dividend. The ex-dividend date is Wednesday, March 21st. This represents a $1.62 annualized dividend and a yield of 16.27%. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 116.79%.

A number of institutional investors and hedge funds have recently modified their holdings of OXLC. Citadel Advisors LLC purchased a new stake in Oxford Lane Capital in the third quarter worth about $147,000. Belpointe Asset Management LLC bought a new position in shares of Oxford Lane Capital during the third quarter valued at approximately $163,000. Susquehanna International Group LLP bought a new position in shares of Oxford Lane Capital during the third quarter valued at approximately $166,000. GSA Capital Partners LLP increased its stake in shares of Oxford Lane Capital by 66.1% during the second quarter. GSA Capital Partners LLP now owns 18,600 shares of the investment management company’s stock valued at $184,000 after purchasing an additional 7,400 shares in the last quarter. Finally, Nine Chapters Capital Management LLC bought a new position in shares of Oxford Lane Capital during the third quarter valued at approximately $241,000.

WARNING: “Oxford Lane Capital (OXLC) Trading Down 5.8%” was reported by Markets Daily and is owned by of Markets Daily. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.themarketsdaily.com/2018/01/10/oxford-lane-capital-oxlc-trading-down-5-8.html.

About Oxford Lane Capital

Oxford Lane Capital Corp. is a non-diversified closed-end management investment company. The Fund’s investment objective is to maximize its portfolio’s risk adjusted total return and seeks to achieve its investment objective by investing in structured finance investments, specifically collateralized loan obligation (CLO) vehicles, which primarily own senior corporate debt securities.

Receive News & Ratings for Oxford Lane Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply