Oxford Lane Capital Corp. (NASDAQ:OXLC) Announces $0.20 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Thursday, January 29th. Stockholders of record on Friday, May 15th will be given a dividend of 0.20 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 19.8%. The ex-dividend date is Friday, May 15th.

Oxford Lane Capital has a payout ratio of 509.1% 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 Price Performance

OXLC traded down $2.14 during midday trading on Friday, hitting $12.12. 8,167,207 shares of the company’s stock traded hands, compared to its average volume of 1,425,625. Oxford Lane Capital has a one year low of $11.96 and a one year high of $25.95. The stock’s fifty day simple moving average is $14.47 and its 200-day simple moving average is $16.09. The company has a market cap of $1.10 billion, a PE ratio of 2.06 and a beta of 0.70.

Oxford Lane Capital (NASDAQ:OXLC) last announced its quarterly earnings results on Wednesday, November 5th. The investment management company reported $1.24 EPS for the quarter, missing the consensus estimate of $2.25 by ($1.01). The business had revenue of $128.30 million during the quarter, compared to the consensus estimate of $247.87 million.

Institutional Investors Weigh In On Oxford Lane Capital

Several institutional investors and hedge funds have recently bought and sold shares of OXLC. Ameritas Advisory Services LLC acquired a new stake in Oxford Lane Capital during the second quarter valued at approximately $28,000. Camelot Portfolios LLC acquired a new stake in shares of Oxford Lane Capital during the fourth quarter worth approximately $29,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Oxford Lane Capital in the second quarter valued at approximately $32,000. Sound Income Strategies LLC acquired a new position in shares of Oxford Lane Capital in the 4th quarter worth approximately $37,000. Finally, WPG Advisers LLC grew its position in Oxford Lane Capital by 87.5% during the 3rd quarter. WPG Advisers LLC now owns 2,620 shares of the investment management company’s stock worth $44,000 after acquiring an additional 1,223 shares during the last quarter. 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.