Oxford Lane Capital (NASDAQ:OXLCP) Trading Up 0.1% – Should You Buy?

Oxford Lane Capital Corp. (NASDAQ:OXLCP)’s share price was up 0.1% during mid-day trading on Tuesday . The stock traded as high as $24.48 and last traded at $24.45. Approximately 3,775 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 5,155 shares. The stock had previously closed at $24.41.

Oxford Lane Capital Stock Up 0.1%

The firm has a fifty day simple moving average of $24.41 and a 200-day simple moving average of $24.28.

Oxford Lane Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a dividend of $0.1302 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, October 17th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Resources Management Corp CT ADV acquired a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCP) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 13,200 shares of the company’s stock, valued at approximately $320,000.

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.