Oxford Lane Capital (NASDAQ:OXLC) Shares Pass Above 200-Day Moving Average – What’s Next?

Oxford Lane Capital Corp. (NASDAQ:OXLC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.32 and traded as high as $9.58. Oxford Lane Capital shares last traded at $9.54, with a volume of 668,348 shares traded.

Oxford Lane Capital Stock Performance

The company has a 50 day simple moving average of $9.27 and a two-hundred day simple moving average of $9.32. The firm has a market cap of $898.94 million, a PE ratio of 1.32 and a beta of 0.64.

Oxford Lane Capital (NASDAQ:OXLC) last announced its quarterly earnings data on Tuesday, July 28th. The investment management company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.26 by ($1.31). The firm had revenue of $166.25 million during the quarter, compared to analysts’ expectations of $244.27 million.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 17th. This represents a c) dividend on an annualized basis and a yield of 26.2%. Oxford Lane Capital’s dividend payout ratio (DPR) is currently 51.87%.

Institutional Trading of Oxford Lane Capital

Large investors have recently made changes to their positions in the business. Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in Oxford Lane Capital during the first quarter worth $31,171,000. Polar Asset Management Partners Inc. purchased a new position in Oxford Lane Capital in the first quarter valued at $19,560,000. Saba Capital Management L.P. acquired a new position in shares of Oxford Lane Capital in the first quarter worth about $18,114,000. Citadel Advisors LLC raised its position in shares of Oxford Lane Capital by 48.9% in the second quarter. Citadel Advisors LLC now owns 1,703,401 shares of the investment management company’s stock worth $14,922,000 after acquiring an additional 559,421 shares during the period. Finally, Delphi Financial Group Inc. purchased a new stake in shares of Oxford Lane Capital during the 4th quarter worth about $2,123,000. 6.74% of the stock is owned by hedge funds and other institutional investors.

About Oxford Lane Capital

Oxford Lane Capital Corp. (NASDAQ: OXLC) is a publicly traded, non-diversified closed-end management investment company. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing primarily in collateralized loan obligations (CLOs).

Oxford Lane focuses mainly on the equity and junior debt tranches of CLOs, which are investment vehicles backed by pools of corporate loans. Its portfolio may also include senior secured loans, corporate debt securities and other structured finance investments.