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

J.W. Cole Advisors Inc. increased its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 130.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 659,970 shares of the investment management company's stock after acquiring an additional 373,710 shares during the period. J.W. Cole Advisors Inc. owned approximately 0.19% of Oxford Lane Capital worth $3,115,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Oxford Lane Capital during the fourth quarter worth approximately $1,079,000. Samalin Investment Counsel LLC increased its position in Oxford Lane Capital by 9.7% in the 4th quarter. Samalin Investment Counsel LLC now owns 183,518 shares of the investment management company's stock valued at $930,000 after acquiring an additional 16,181 shares during the period. LPL Financial LLC increased its position in Oxford Lane Capital by 42.7% in the 4th quarter. LPL Financial LLC now owns 897,345 shares of the investment management company's stock valued at $4,550,000 after acquiring an additional 268,631 shares during the period. TrueMark Investments LLC increased its stake in shares of Oxford Lane Capital by 88.5% during the fourth quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company's stock worth $5,060,000 after acquiring an additional 468,696 shares during the period. Finally, Arlington Capital Management Inc. increased its stake in shares of Oxford Lane Capital by 10.8% during the fourth quarter. Arlington Capital Management Inc. now owns 181,199 shares of the investment management company's stock worth $919,000 after acquiring an additional 17,658 shares during the period. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Trading Down 5.4%

Shares of NASDAQ:OXLC traded down $0.20 on Thursday, reaching $3.43. 34,264,190 shares of the company were exchanged, compared to its average volume of 6,762,814. The company has a 50-day moving average of $4.31 and a 200-day moving average of $4.65. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 4.13 and a beta of 0.77. Oxford Lane Capital Corp. has a 1-year low of $3.27 and a 1-year high of $5.62.

Oxford Lane Capital Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 18th will be given 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 is presently 140.96%.

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.