Oxford Lane Capital (NASDAQ:OXLC) Sets New 52-Week Low – What’s Next?

Oxford Lane Capital Corp. (NASDAQ:OXLC) reached a new 52-week low during trading on Monday . The stock traded as low as $10.80 and last traded at $10.8650, with a volume of 706153 shares. The stock had previously closed at $11.11.

Oxford Lane Capital Stock Up 3.1%

The stock has a market capitalization of $966.19 million, a price-to-earnings ratio of 1.61 and a beta of 0.73. The company has a 50 day simple moving average of $13.85 and a 200-day simple moving average of $15.53.

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) annualized dividend and a yield of 22.5%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OXLC. Ameritas Advisory Services LLC bought a new stake in Oxford Lane Capital during the 2nd quarter valued at $28,000. Camelot Portfolios LLC acquired a new position in shares of Oxford Lane Capital during the fourth quarter valued at about $29,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Oxford Lane Capital during the second quarter worth about $32,000. Sound Income Strategies LLC acquired a new stake in shares of Oxford Lane Capital in the 4th quarter worth about $37,000. Finally, WPG Advisers LLC raised its holdings in shares of Oxford Lane Capital by 87.5% in 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.