Oxford Lane Capital (NASDAQ:OXLC) Shares Scheduled to Reverse Split on Monday, September 8th

Get Oxford Lane Capital alerts:Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report)'s stock is scheduled to reverse split on Monday, September 8th. The 1-5 reverse split was announced on Tuesday, September 2nd. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, September 5th.Oxford Lane Capital Price PerformanceShares of Oxford Lane Capital stock opened at $3.69 on Thursday. Oxford Lane Capital has a twelve month low of $3.18 and a twelve month high of $5.49. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 4.45 and a beta of 0.78. The company's fifty day moving average is $3.76 and its 200 day moving average is $4.32. Oxford Lane Capital Announces DividendThe firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a c) annualized dividend and a dividend yield of 26.0%. Oxford Lane Capital's payout ratio is currently 130.12%. Institutional Trading of Oxford Lane CapitalSeveral institutional investors have recently modified their holdings of the business. Barnes Wealth Management Group Inc bought a new stake in shares of Oxford Lane Capital in the second quarter worth $51,000. Squarepoint Ops LLC grew its stake in shares of Oxford Lane Capital by 12.6% in the second quarter. Squarepoint Ops LLC now owns 137,834 shares of the investment management company's stock worth $579,000 after purchasing an additional 15,458 shares during the last quarter. TT Capital Management LLC bought a new stake in shares of Oxford Lane Capital in the second quarter worth $198,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Oxford Lane Capital in the second quarter worth $95,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Oxford Lane Capital by 8.1% in the second quarter. Geneos Wealth Management Inc. now owns 579,347 shares of the investment management company's stock worth $2,433,000 after purchasing an additional 43,330 shares during the last quarter. Institutional investors own 6.74% of the company's stock. Oxford Lane Capital Company Profile (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.Further ReadingFive stocks we like better than Oxford Lane CapitalHow the NYSE and NASDAQ are Different, Why That Matters to InvestorsBack-to-School Shopping Hits $40B: 3 Retail Stocks to Watch NowHow Can Investors Benefit From After-Hours TradingAlphabet Stock Surges After Dodging Harsh Antitrust RemediesOptions Trading - Understanding Strike PriceWhy Qualcomm Is Outperforming NVIDIA After Months of LaggingThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Oxford Lane Capital Right Now?Before you consider Oxford Lane Capital, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oxford Lane Capital wasn't on the list.While Oxford Lane Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here