Oxford Lane Capital (NASDAQ:OXLCO) Stock Price Down 0.1% – Time to Sell?

by · The Cerbat Gem

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) fell 0.1% during mid-day trading on Thursday . The company traded as low as $23.39 and last traded at $23.37. 3,113 shares were traded during trading, an increase of 17% from the average session volume of 2,665 shares. The stock had previously closed at $23.40.

Oxford Lane Capital Price Performance

The firm has a 50 day moving average price of $23.36 and a 200 day moving average price of $23.26.

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a $0.125 dividend. The ex-dividend date is Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 6.4%.

About Oxford Lane Capital

(Get Free Report)

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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