Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Stock Price Down 0.4% – Time to Sell?

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCLGet Free Report)’s share price was down 0.4% on Thursday . The stock traded as low as $24.40 and last traded at $24.40. 639 shares were traded during mid-day trading, a decline of 85% from the average session volume of 4,186 shares. The stock had previously closed at $24.50.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

The business has a fifty day moving average of $24.45 and a 200 day moving average of $24.20.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.4219 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.9%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. acquired a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCLFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 38,367 shares of the company’s stock, valued at approximately $924,000.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile

(Get Free Report)

Oxford Lane Capital Corp. is a closed-end management investment company organized under the Investment Company Act of 1940 and listed on the Nasdaq Global Market. The firm focuses on generating attractive risk-adjusted returns primarily through investments in U.S. consumer credit asset-backed securities and corporate loans. Its portfolio typically includes collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other structured finance instruments secured by auto loans, credit card receivables, personal loans and similar consumer assets.

Since its initial public offering in 2012, Oxford Lane Capital has sought to capitalize on opportunities in the U.S.

Further Reading

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