Oxford Lane Capital (NASDAQ:OXLC) Reaches New 12-Month Low – Here’s What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $8.91 and last traded at $8.8750, with a volume of 673535 shares traded. The stock had previously closed at $9.82.

Oxford Lane Capital Stock Performance

The firm has a market cap of $836.49 million, a price-to-earnings ratio of 1.57 and a beta of 0.73. The company has a 50 day moving average price of $13.35 and a 200 day moving average price of $15.24.

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.20 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 26.0%. The ex-dividend date of this dividend is Tuesday, June 16th.

Institutional Trading of Oxford Lane Capital

Institutional investors have recently added to or reduced their stakes in the stock. Capital CS Group LLC lifted its stake in Oxford Lane Capital by 7.4% during the fourth quarter. Capital CS Group LLC now owns 16,424 shares of the investment management company’s stock worth $240,000 after purchasing an additional 1,126 shares in the last quarter. WPG Advisers LLC lifted its position in shares of Oxford Lane Capital by 87.5% during the third quarter. WPG Advisers LLC now owns 2,620 shares of the investment management company’s stock worth $44,000 after purchasing an additional 1,223 shares in the last quarter. McIlrath & Eck LLC grew its holdings in shares of Oxford Lane Capital by 31.5% in the fourth quarter. McIlrath & Eck LLC now owns 6,167 shares of the investment management company’s stock valued at $90,000 after purchasing an additional 1,476 shares in the last quarter. Eight 31 Financial LLC increased its stake in Oxford Lane Capital by 8.2% during the 4th quarter. Eight 31 Financial LLC now owns 21,069 shares of the investment management company’s stock worth $308,000 after buying an additional 1,588 shares during the period. Finally, Camelot Portfolios LLC acquired a new stake in Oxford Lane Capital during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds 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.