Oxford Lane Capital Corp. (NASDAQ:OXLC) Plans Monthly Dividend of $0.40

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Friday, October 24th. Investors of record on Friday, February 13th will be given a dividend of 0.40 per share by the investment management company on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 46.4%. The ex-dividend date is Friday, February 13th.

Oxford Lane Capital has a payout ratio of 509.1% indicating that 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 opened at $10.34 on Wednesday. The firm has a market capitalization of $937.19 million, a P/E ratio of 1.61 and a beta of 0.73. Oxford Lane Capital has a one year low of $10.26 and a one year high of $25.95. The company has a fifty day moving average price of $13.94 and a 200-day moving average price of $15.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC raised its stake in Oxford Lane Capital by 70.5% in the first quarter. Integrated Wealth Concepts LLC now owns 31,136 shares of the investment management company’s stock valued at $147,000 after purchasing an additional 12,873 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Oxford Lane Capital by 17.9% in the 1st quarter. NewEdge Advisors LLC now owns 29,326 shares of the investment management company’s stock worth $138,000 after buying an additional 4,462 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Oxford Lane Capital in the 2nd quarter worth $28,000. Apollon Wealth Management LLC raised its position in shares of Oxford Lane Capital by 62.8% during the 2nd quarter. Apollon Wealth Management LLC now owns 93,118 shares of the investment management company’s stock valued at $391,000 after buying an additional 35,906 shares in the last quarter. Finally, MGO One Seven LLC lifted its holdings in shares of Oxford Lane Capital by 63.5% during the 2nd quarter. MGO One Seven LLC now owns 44,889 shares of the investment management company’s stock worth $189,000 after acquiring an additional 17,439 shares during the last quarter. 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.