Oxford Lane Capital (NASDAQ:OXLC – Get Free Report) released its quarterly earnings results on Monday. The investment management company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.39), Zacks reports.
Oxford Lane Capital Stock Performance
NASDAQ:OXLC opened at $5.13 on Monday. The firm has a market cap of $1.77 billion, a P/E ratio of 3.65 and a beta of 1.15. Oxford Lane Capital has a one year low of $4.95 and a one year high of $5.78. The firm has a 50-day simple moving average of $5.16 and a 200-day simple moving average of $5.28.
Oxford Lane Capital Dividend Announcement
The company also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 20th will be issued a $0.09 dividend. The ex-dividend date is Friday, January 17th. This represents a dividend yield of 21.26%. Oxford Lane Capital’s payout ratio is 74.29%.
Oxford Lane Capital Company Profile
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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