Oxford Lane Capital (NASDAQ:OXLCO) Trading Down 0.7% – Should You Sell?

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) traded down 0.7% during mid-day trading on Wednesday . The stock traded as low as $24.03 and last traded at $24.04. 1,003 shares changed hands during trading, a decline of 64% from the average session volume of 2,760 shares. The stock had previously closed at $24.22.

Oxford Lane Capital Trading Down 0.7%

The company’s fifty day moving average price is $23.86 and its 200-day moving average price is $23.59.

Oxford Lane Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.125 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Monday, August 17th.

Hedge Funds Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. NBC Securities Inc. purchased a new position in Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,267 shares of the company’s stock, valued at approximately $76,000.

Oxford Lane Capital Company Profile

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.