Kestra Advisory Services LLC Acquires 75,046 Shares of Oxford Lane Capital Corp. $OXLC

Key Points

• Kestra Advisory Services LLC increased its stake in Oxford Lane Capital Corp. by 36.1% in the first quarter, owning 283,021 shares worth approximately $1.336 million after purchasing an additional 75,046 shares.
• Oxford Lane Capital has announced a monthly dividend of $0.08 per share, with an annualized yield of 25.6%, to be paid on December 31st.
• The stock of Oxford Lane Capital opened at $3.75 and has a market cap of $1.70 billion, with a P/E ratio of 4.52 and a dividend payout ratio of 130.12%.

Kestra Advisory Services LLC increased its position in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 36.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 283,021 shares of the investment management company's stock after buying an additional 75,046 shares during the period. Kestra Advisory Services LLC owned about 0.08% of Oxford Lane Capital worth $1,336,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. SWAN Capital LLC bought a new position in shares of Oxford Lane Capital during the 4th quarter valued at about $30,000. US Bancorp DE boosted its holdings in shares of Oxford Lane Capital by 106.1% during the 1st quarter. US Bancorp DE now owns 6,300 shares of the investment management company's stock valued at $30,000 after purchasing an additional 3,243 shares during the last quarter. Insigneo Advisory Services LLC bought a new position in shares of Oxford Lane Capital during the 1st quarter valued at about $47,000. Quilter Plc bought a new position in shares of Oxford Lane Capital during the 1st quarter valued at about $47,000. Finally, Cornell Pochily Investment Advisors Inc. bought a new position in shares of Oxford Lane Capital during the 1st quarter valued at about $48,000. Institutional investors own 6.74% of the company's stock.

Oxford Lane Capital Stock Performance

Shares of OXLC traded down $0.03 during midday trading on Thursday, hitting $3.67. 3,244,881 shares of the company traded hands, compared to its average volume of 6,770,670. The firm has a 50 day moving average of $3.76 and a 200-day moving average of $4.32. Oxford Lane Capital Corp. has a 52 week low of $3.18 and a 52 week high of $5.49. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 4.42 and a beta of 0.78.

Shares of Oxford Lane Capital are set to reverse split on the morning of Monday, September 8th. The 1-5 reverse split was announced on Tuesday, September 2nd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, September 5th.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a c) dividend on an annualized basis and a dividend yield of 26.2%. Oxford Lane Capital's dividend payout ratio (DPR) is presently 130.12%.

About Oxford Lane Capital

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.