Oxford Lane Capital (NASDAQ:OXLC) Shares Gap Down – Here’s Why

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) gapped down before the market opened on Wednesday . The stock had previously closed at $13.91, but opened at $13.42. Oxford Lane Capital shares last traded at $13.5930, with a volume of 553,175 shares changing hands.

Oxford Lane Capital Price Performance

The company has a market cap of $1.26 billion, a price-to-earnings ratio of 2.05 and a beta of 0.72. The firm has a 50 day simple moving average of $14.80 and a 200-day simple moving average of $17.48.

Oxford Lane Capital (NASDAQ:OXLC) last released its quarterly earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.01). The firm had revenue of $128.30 million during the quarter, compared to analyst estimates of $247.87 million.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.40 dividend. This represents a c) annualized dividend and a dividend yield of 34.5%. The ex-dividend date is Tuesday, March 17th.

Institutional Investors Weigh In On Oxford Lane Capital

Institutional investors and hedge funds have recently modified their holdings of the company. Transce3nd LLC boosted its stake in shares of Oxford Lane Capital by 63.3% in the 2nd quarter. Transce3nd LLC now owns 415,326 shares of the investment management company’s stock valued at $1,744,000 after buying an additional 160,994 shares during the period. Kestra Advisory Services LLC lifted its position in Oxford Lane Capital by 36.1% in the first quarter. Kestra Advisory Services LLC now owns 283,021 shares of the investment management company’s stock valued at $1,336,000 after acquiring an additional 75,046 shares during the last quarter. US Bancorp DE boosted its position in shares of Oxford Lane Capital by 106.1% in the 1st quarter. US Bancorp DE now owns 6,300 shares of the investment management company’s stock valued at $30,000 after purchasing an additional 3,243 shares during the period. Cary Street Partners Financial LLC purchased a new position in shares of Oxford Lane Capital during the second quarter worth approximately $237,000. Finally, TT Capital Management LLC acquired a new position in Oxford Lane Capital in the second quarter valued at $198,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.