Oxford Lane Capital (NASDAQ:OXLCN) Trading Down 0.3% – What’s Next?

Oxford Lane Capital Corp. (NASDAQ:OXLCNGet Free Report) shares dropped 0.3% on Monday . The stock traded as low as $24.70 and last traded at $24.70. 6,436 shares changed hands during mid-day trading, an increase of 107% from the average daily volume of 3,105 shares. The stock had previously closed at $24.78.

Oxford Lane Capital Price Performance

The stock’s 50 day simple moving average is $24.75 and its two-hundred day simple moving average is $24.59.

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a $0.1484 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCNFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital comprises approximately 3.0% of Karpus Management Inc.’s holdings, making the stock its 11th largest holding.

About Oxford Lane Capital

(Get Free Report)

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.

Recommended Stories

Receive News & Ratings for Oxford Lane Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital and related companies with MarketBeat.com's FREE daily email newsletter.