Citadel Advisors LLC grew its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 333.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 961,271 shares of the investment management company's stock after purchasing an additional 739,506 shares during the quarter. Citadel Advisors LLC owned 0.28% of Oxford Lane Capital worth $4,874,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in Oxford Lane Capital during the 4th quarter worth $1,079,000. Wedbush Securities Inc. increased its stake in Oxford Lane Capital by 10.0% during the 4th quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company's stock worth $6,043,000 after buying an additional 107,951 shares during the period. Realta Investment Advisors increased its stake in Oxford Lane Capital by 15.9% during the 4th quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company's stock worth $5,254,000 after buying an additional 141,536 shares during the period. Jane Street Group LLC increased its stake in Oxford Lane Capital by 905.9% during the 4th quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company's stock worth $2,379,000 after buying an additional 422,593 shares during the period. Finally, Apollon Wealth Management LLC purchased a new stake in Oxford Lane Capital during the 4th quarter worth $290,000. Institutional investors and hedge funds own 6.74% of the company's stock.
Oxford Lane Capital Price Performance
Oxford Lane Capital stock traded down $0.05 during midday trading on Friday, hitting $4.43. 4,836,389 shares of the stock were exchanged, compared to its average volume of 5,294,758. Oxford Lane Capital Corp. has a 1 year low of $3.91 and a 1 year high of $5.78. The firm has a market cap of $1.53 billion, a P/E ratio of 5.34 and a beta of 0.75. The company has a 50 day moving average price of $4.60 and a two-hundred day moving average price of $4.94.
Oxford Lane Capital Dividend Announcement
The company also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a dividend of $0.09 per share. This represents a yield of 24.43%. The ex-dividend date was Wednesday, April 16th. Oxford Lane Capital's dividend payout ratio (DPR) is 130.12%.
Oxford Lane Capital Company Profile
(
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.
Recommended Stories
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
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
