Freestone Capital Holdings LLC Makes New $1.31 Million Investment in Oxford Lane Capital Corp. $OXLC

Key Points

• Freestone Capital Holdings LLC has acquired 277,165 shares of Oxford Lane Capital Corp. (NASDAQ: OXLC), valued at approximately $1,308,000, during the first quarter.
• Oxford Lane Capital recently announced a dividend of $0.09 per share with a remarkable yield of 2,667.0%, though the payout ratio stands at 140.96%.
• The stock's performance shows a market capitalization of $1.55 billion and a PE ratio of 4.12, with shares currently trading at $3.42.

Freestone Capital Holdings LLC acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 277,165 shares of the investment management company's stock, valued at approximately $1,308,000. Freestone Capital Holdings LLC owned approximately 0.08% of Oxford Lane Capital at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mutual Advisors LLC increased its position in shares of Oxford Lane Capital by 8.3% in the first quarter. Mutual Advisors LLC now owns 29,014 shares of the investment management company's stock valued at $133,000 after buying an additional 2,221 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Oxford Lane Capital by 16.8% in the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 21,184 shares of the investment management company's stock valued at $99,000 after buying an additional 3,045 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Oxford Lane Capital by 5.5% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,910 shares of the investment management company's stock valued at $304,000 after buying an additional 3,125 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its stake in shares of Oxford Lane Capital by 38.8% in the first quarter. GPS Wealth Strategies Group LLC now owns 11,442 shares of the investment management company's stock worth $54,000 after acquiring an additional 3,200 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Oxford Lane Capital by 106.1% in the first quarter. US Bancorp DE now owns 6,300 shares of the investment management company's stock worth $30,000 after acquiring an additional 3,243 shares during the last quarter. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLC traded up $0.10 during trading on Friday, reaching $3.57. The stock had a trading volume of 5,016,720 shares, compared to its average volume of 6,870,747. The business has a fifty day moving average price of $3.83 and a 200-day moving average price of $4.40. The stock has a market cap of $1.62 billion, a PE ratio of 4.30 and a beta of 0.76. Oxford Lane Capital Corp. has a 1-year low of $3.18 and a 1-year high of $5.49.

Oxford Lane Capital Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 18th were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, July 17th. This represents a dividend yield of 2,667.0%. Oxford Lane Capital's payout ratio is currently 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.