Oxford Lane Capital Corp. (NASDAQ:OXLC) Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. raised its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 25.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 286,260 shares of the investment management company’s stock after buying an additional 57,865 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Oxford Lane Capital were worth $1,451,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in Oxford Lane Capital in the second quarter valued at approximately $160,000. Creative Planning purchased a new position in shares of Oxford Lane Capital in the 3rd quarter worth $170,000. Capital Investment Advisors LLC boosted its holdings in Oxford Lane Capital by 33.5% in the third quarter. Capital Investment Advisors LLC now owns 14,682 shares of the investment management company’s stock valued at $77,000 after acquiring an additional 3,682 shares during the last quarter. Border to Coast Pensions Partnership Ltd purchased a new position in shares of Oxford Lane Capital in the 3rd quarter worth about $7,341,000. Finally, Precision Wealth Strategies LLC acquired a new position in shares of Oxford Lane Capital in the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLC opened at $5.06 on Tuesday. Oxford Lane Capital Corp. has a 1 year low of $4.95 and a 1 year high of $5.78. The stock has a 50-day simple moving average of $5.12 and a 200-day simple moving average of $5.23. The stock has a market capitalization of $1.75 billion, a P/E ratio of 6.10 and a beta of 1.16.

Oxford Lane Capital (NASDAQ:OXLC) last released its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 21.34%. The ex-dividend date is Monday, June 16th. Oxford Lane Capital’s dividend payout ratio is presently 125.30%.

Oxford Lane Capital 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.