Oxford Lane Capital (NASDAQ:OXLC) Sees Strong Trading Volume

Oxford Lane Capital Corp. (NASDAQ:OXLCGet Rating) saw an uptick in trading volume on Thursday . 82,241 shares traded hands during trading, a decline of 94% from the previous session’s volume of 1,494,540 shares.The stock last traded at $5.75 and had previously closed at $6.04.

The business has a 50-day moving average of $6.70 and a two-hundred day moving average of $7.32.

Oxford Lane Capital (NASDAQ:OXLCGet Rating) last announced its quarterly earnings results on Friday, May 6th. The investment management company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.30 by $0.13. The business had revenue of $55.10 million during the quarter, compared to analyst estimates of $64.80 million.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a dividend of $0.075 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 15.85%. The ex-dividend date of this dividend is Thursday, September 15th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moors & Cabot Inc. bought a new position in shares of Oxford Lane Capital in the 3rd quarter valued at approximately $25,000. Hudock Inc. boosted its position in shares of Oxford Lane Capital by 472.4% during the first quarter. Hudock Inc. now owns 3,543 shares of the investment management company’s stock worth $25,000 after buying an additional 2,924 shares during the period. Wells Fargo & Company MN raised its holdings in Oxford Lane Capital by 42.8% during the fourth quarter. Wells Fargo & Company MN now owns 6,514 shares of the investment management company’s stock worth $50,000 after acquiring an additional 1,952 shares in the last quarter. Prospera Financial Services Inc bought a new stake in Oxford Lane Capital in the first quarter valued at approximately $52,000. Finally, B. Riley Wealth Management Inc. acquired a new position in shares of Oxford Lane Capital in the first quarter valued at approximately $90,000.

About Oxford Lane Capital (NASDAQ:OXLC)

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.

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