Oxford Lane Capital (NASDAQ:OXLC) Releases Earnings Results, Misses Expectations By $0.39 EPS

Oxford Lane Capital (NASDAQ:OXLC) issued its earnings results on Monday. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39), Zacks reports.

Oxford Lane Capital Stock Performance

Shares of NASDAQ OXLC traded down $0.02 during trading hours on Monday, hitting $5.11. The stock had a trading volume of 776,886 shares, compared to its average volume of 4,459,799. The company has a market capitalization of $1.77 billion, a P/E ratio of 3.65 and a beta of 1.15. The firm’s 50-day moving average price is $5.16 and its two-hundred day moving average price is $5.28. Oxford Lane Capital has a 52 week low of $4.95 and a 52 week high of $5.78.

Oxford Lane Capital Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 20th will be paid a dividend of $0.09 per share. This represents a dividend yield of 21.26%. The ex-dividend date is Friday, January 17th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 74.29%.

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.