J.W. Cole Advisors Inc. raised its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 130.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 659,970 shares of the investment management company's stock after buying an additional 373,710 shares during the quarter. J.W. Cole Advisors Inc. owned about 0.19% of Oxford Lane Capital worth $3,115,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SWAN Capital LLC bought a new position in Oxford Lane Capital in the 4th quarter valued at approximately $30,000. Titleist Asset Management LLC bought a new position in Oxford Lane Capital during the 4th quarter valued at $51,000. Insigneo Advisory Services LLC bought a new stake in shares of Oxford Lane Capital during the 1st quarter worth $47,000. Quilter Plc purchased a new stake in Oxford Lane Capital in the 1st quarter worth about $47,000. Finally, Cornell Pochily Investment Advisors Inc. purchased a new position in Oxford Lane Capital during the 1st quarter valued at about $48,000. 6.74% of the stock is currently owned by institutional investors and hedge funds.
Oxford Lane Capital Stock Performance
Shares of NASDAQ:OXLC traded down $0.10 during midday trading on Monday, reaching $3.87. 16,891,301 shares of the company's stock traded hands, compared to its average volume of 5,417,550. Oxford Lane Capital Corp. has a one year low of $3.82 and a one year high of $5.63. The stock has a 50 day moving average of $4.35 and a 200 day moving average of $4.67. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 4.66 and a beta of 0.77.
Oxford Lane Capital Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, July 18th will be issued a $0.09 dividend. The ex-dividend date is Thursday, July 17th. This represents a dividend yield of 26.67%. Oxford Lane Capital's dividend payout ratio (DPR) is presently 140.96%.
About Oxford Lane Capital
(
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.
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