Oxford Lane Capital (NASDAQ:OXLC) Sees Unusually-High Trading Volume

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) saw an uptick in trading volume on Monday . 2,491,216 shares traded hands during trading, a decline of 16% from the previous session’s volume of 2,958,361 shares.The stock last traded at $5.18 and had previously closed at $5.46.

Oxford Lane Capital Stock Up 2.3 %

The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 5.26 and a beta of 1.17. The company’s fifty day simple moving average is $5.50 and its 200 day simple moving average is $5.28.

Oxford Lane Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 19.89%. The ex-dividend date is Tuesday, December 17th. Oxford Lane Capital’s payout ratio is 97.03%.

Insider Activity at Oxford Lane Capital

In other news, CEO Jonathan H. Cohen bought 4,630,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average price of $5.40 per share, with a total value of $25,002,000.00. Following the completion of the transaction, the chief executive officer now owns 4,864,728 shares of the company’s stock, valued at $26,269,531.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Oxford Lane Capital news, President Saul B. Rosenthal purchased 2,315,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average cost of $5.40 per share, with a total value of $12,501,000.00. Following the completion of the transaction, the president now owns 2,514,887 shares in the company, valued at $13,580,389.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jonathan H. Cohen acquired 4,630,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average cost of $5.40 per share, with a total value of $25,002,000.00. Following the acquisition, the chief executive officer now directly owns 4,864,728 shares in the company, valued at $26,269,531.20. The disclosure for this purchase can be found here. 0.42% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oxford Lane Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wedbush Securities Inc. increased its stake in Oxford Lane Capital by 36.4% during the 2nd quarter. Wedbush Securities Inc. now owns 1,016,222 shares of the investment management company’s stock worth $5,508,000 after acquiring an additional 271,369 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Oxford Lane Capital by 198.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company’s stock valued at $2,680,000 after buying an additional 328,553 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Oxford Lane Capital by 8.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 350,516 shares of the investment management company’s stock worth $1,900,000 after acquiring an additional 26,053 shares during the period. TrueMark Investments LLC acquired a new stake in shares of Oxford Lane Capital during the 2nd quarter worth approximately $1,643,000. Finally, &PARTNERS increased its stake in Oxford Lane Capital by 1.9% in the second quarter. &PARTNERS now owns 268,366 shares of the investment management company’s stock valued at $1,455,000 after acquiring an additional 5,055 shares during the last quarter. 6.74% of the stock is currently owned by institutional investors and hedge funds.

About Oxford Lane Capital

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.