Naviter Wealth LLC Has $280,000 Stake in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Naviter Wealth LLC increased its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 161.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,668 shares of the investment management company’s stock after purchasing an additional 31,887 shares during the quarter. Naviter Wealth LLC’s holdings in Oxford Lane Capital were worth $280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First Horizon Advisors Inc. bought a new stake in shares of Oxford Lane Capital during the fourth quarter worth $49,000. Hartline Investment Corp bought a new position in shares of Oxford Lane Capital in the 1st quarter valued at about $74,000. Foundations Investment Advisors LLC acquired a new stake in shares of Oxford Lane Capital during the 4th quarter worth approximately $75,000. Maia Wealth LLC bought a new stake in shares of Oxford Lane Capital during the second quarter worth approximately $95,000. Finally, Nomura Holdings Inc. acquired a new position in Oxford Lane Capital in the fourth quarter valued at approximately $96,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

Shares of OXLC stock opened at $5.33 on Wednesday. The firm’s 50 day moving average price is $5.45 and its two-hundred day moving average price is $5.29. The stock has a market cap of $1.28 billion, a PE ratio of 5.28 and a beta of 1.17. Oxford Lane Capital Corp. has a 52-week low of $4.41 and a 52-week high of $5.78.

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.09 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.08 annualized dividend and a dividend yield of 20.26%. Oxford Lane Capital’s dividend payout ratio is currently 98.02%.

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.