Oxford Lane Capital (NASDAQ:OXLC) Trading Down 5.8% – Here’s Why

Oxford Lane Capital Corp. (NASDAQ:OXLC) shares traded down 5.8% on Friday . The company traded as low as $10.03 and last traded at $10.0650. 587,569 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 1,746,552 shares. The stock had previously closed at $10.69.

Oxford Lane Capital Stock Performance

The company has a market cap of $890.06 million, a PE ratio of 1.57 and a beta of 0.73. The company’s 50 day moving average price is $13.65 and its 200-day moving average price is $15.42.

Oxford Lane Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) annualized dividend and a yield of 24.4%.

Hedge Funds Weigh In On Oxford Lane Capital

Several large investors have recently modified their holdings of the business. Transce3nd LLC grew its holdings in Oxford Lane Capital by 63.3% during 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 in the last quarter. North Ground Capital bought a new position in shares of Oxford Lane Capital in the third quarter valued at approximately $6,771,000. Cary Street Partners Financial LLC purchased a new position in Oxford Lane Capital during the second quarter valued at approximately $237,000. TT Capital Management LLC bought a new stake in Oxford Lane Capital during the 2nd quarter worth approximately $198,000. Finally, GatePass Capital LLC purchased a new stake in Oxford Lane Capital in the 2nd quarter worth approximately $264,000. 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.