Buska Wealth Management LLC Buys Shares of 97,900 Oxford Lane Capital Corp. (NASDAQ:OXLC)

Buska Wealth Management LLC purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 97,900 shares of the investment management company's stock, valued at approximately $462,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Oxford Lane Capital by 5.5% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,910 shares of the investment management company's stock valued at $304,000 after purchasing an additional 3,125 shares during the period. Sage Capital Advisors llc increased its holdings in Oxford Lane Capital by 7.4% in the 1st quarter. Sage Capital Advisors llc now owns 68,663 shares of the investment management company's stock worth $324,000 after purchasing an additional 4,750 shares in the last quarter. SWAN Capital LLC bought a new position in Oxford Lane Capital in the fourth quarter valued at about $30,000. Captrust Financial Advisors boosted its stake in shares of Oxford Lane Capital by 62.0% during the fourth quarter. Captrust Financial Advisors now owns 22,074 shares of the investment management company's stock valued at $112,000 after purchasing an additional 8,446 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Oxford Lane Capital by 42.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,163 shares of the investment management company's stock worth $153,000 after purchasing an additional 8,928 shares during the last quarter. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Price Performance

NASDAQ OXLC traded up $0.04 during trading hours on Friday, reaching $4.49. The company's stock had a trading volume of 4,528,392 shares, compared to its average volume of 5,337,643. The firm has a fifty day simple moving average of $4.57 and a 200-day simple moving average of $4.88. The stock has a market cap of $2.03 billion, a P/E ratio of 5.41 and a beta of 0.81. Oxford Lane Capital Corp. has a 52 week low of $3.91 and a 52 week high of $5.78.

Oxford Lane Capital Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were issued a dividend of $0.09 per share. This represents a yield of 24.43%. The ex-dividend date of this dividend was Wednesday, April 16th. Oxford Lane Capital's payout ratio is presently 130.12%.

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.