Oxford Lane Capital (NASDAQ:OXLCI) Trading Up 0.1% – Here’s What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLCI)’s stock price was up 0.1% during trading on Thursday . The stock traded as high as $25.68 and last traded at $25.64. 1,780 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 6,310 shares. The stock had previously closed at $25.61.

Oxford Lane Capital Stock Performance

The stock has a 50 day simple moving average of $25.60 and a 200 day simple moving average of $25.61.

Oxford Lane Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.5469 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. bought a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCI) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.