Oxford Lane Capital (NASDAQ:OXLCI) Shares Down 0.1% – What’s Next?

Oxford Lane Capital Corp. (NASDAQ:OXLCI)’s share price dropped 0.1% on Thursday . The stock traded as low as $25.20 and last traded at $25.1950. Approximately 3,725 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 8,991 shares. The stock had previously closed at $25.23.

Oxford Lane Capital Stock Performance

The firm has a 50 day simple moving average of $25.71 and a 200-day simple moving average of $25.72.

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.5469 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.