Oxford Lane Capital Corp. (OXLC) to Issue Monthly Dividend of $0.08 on December 31st

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Tuesday, July 22nd. Stockholders of record on Wednesday, December 17th will be paid a dividend of 0.08 per share by the investment management company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Wednesday, December 17th.

Oxford Lane Capital has a payout ratio of 477.3% 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 Stock Down 0.9%

OXLC stock opened at $13.80 on Monday. The company has a 50 day moving average of $15.04 and a two-hundred day moving average of $17.65. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 2.07 and a beta of 0.72. Oxford Lane Capital has a 12-month low of $12.88 and a 12-month high of $26.35.

Oxford Lane Capital (NASDAQ:OXLC) last posted 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 for the quarter, compared to analyst estimates of $247.87 million.

Institutional Investors Weigh In On Oxford Lane Capital

Several large investors have recently made changes to their positions in the company. AdvisorNet Financial Inc lifted its stake in shares of Oxford Lane Capital by 92.5% in the 2nd quarter. AdvisorNet Financial Inc now owns 6,198 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 2,979 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Oxford Lane Capital in the second quarter worth about $28,000. US Bancorp DE lifted its position in shares of Oxford Lane Capital by 106.1% in the first quarter. US Bancorp DE now owns 6,300 shares of the investment management company’s stock worth $30,000 after buying an additional 3,243 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Oxford Lane Capital during the 2nd quarter worth about $32,000. Finally, WPG Advisers LLC increased its holdings in shares of 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 valued at $44,000 after acquiring an additional 1,223 shares during the last quarter. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.