Oxford Lane Capital (NASDAQ:OXLC) Shares Gap Down – What’s Next?

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) gapped down prior to trading on Tuesday . The stock had previously closed at $8.54, but opened at $8.04. Oxford Lane Capital shares last traded at $8.2450, with a volume of 567,247 shares.

Oxford Lane Capital Trading Down 3.8%

The business has a 50 day simple moving average of $11.36 and a two-hundred day simple moving average of $14.12. The stock has a market cap of $744.67 million, a price-to-earnings ratio of 1.26 and a beta of 0.78.

Oxford Lane Capital Announces Dividend

The business also recently declared 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 29.2%.

Institutional Investors Weigh In On Oxford Lane Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Transce3nd LLC lifted 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 worth $1,744,000 after buying an additional 160,994 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Oxford Lane Capital by 142.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 210,520 shares of the investment management company’s stock valued at $3,564,000 after acquiring an additional 123,808 shares during the last quarter. North Ground Capital bought a new stake in shares of Oxford Lane Capital in the 3rd quarter valued at approximately $6,771,000. Bulldog Investors LLP acquired a new stake in shares of Oxford Lane Capital during the 3rd quarter valued at approximately $7,573,000. Finally, Cary Street Partners Financial LLC bought a new position in Oxford Lane Capital during the second quarter worth $237,000. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Company Profile

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.