Oxford Lane Capital (NASDAQ:OXLC) Hits New 52-Week Low - Here's Why

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Oxford Lane Capital (NASDAQ:OXLC) experienced a new 52-week low, with its stock trading as low as $8.91 and closing at $8.8750. This comes as the company recently announced a monthly dividend of $0.20 per share, yielding 27.2% on an annualized basis. Institutional investors have notably adjusted their holdings, and the company maintains a “Hold” rating from analysts.

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