Money Concepts Capital Corp purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 75,457 shares of the investment management company's stock, valued at approximately $356,000.
Other large investors have also recently bought and sold shares of the company. SWAN Capital LLC bought a new stake in Oxford Lane Capital in the fourth quarter valued at $30,000. Insigneo Advisory Services LLC bought a new stake in Oxford Lane Capital in the first quarter valued at $47,000. Quilter Plc bought a new stake in Oxford Lane Capital in the first quarter valued at $47,000. Cornell Pochily Investment Advisors Inc. bought a new stake in shares of Oxford Lane Capital during the first quarter worth $48,000. Finally, Titleist Asset Management LLC acquired a new stake in shares of Oxford Lane Capital in the fourth quarter valued at $51,000. 6.74% of the stock is currently owned by institutional investors.
Oxford Lane Capital Stock Performance
Shares of NASDAQ:OXLC opened at $4.14 on Friday. Oxford Lane Capital Corp. has a twelve month low of $3.91 and a twelve month high of $5.68. The firm has a market cap of $1.88 billion, a PE ratio of 4.99 and a beta of 0.81. The business has a fifty day moving average of $4.48 and a 200-day moving average of $4.77.
Oxford Lane Capital Announces Dividend
The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a dividend yield of 24.43%. Oxford Lane Capital's dividend payout ratio (DPR) is presently 130.12%.
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.
See Also
Want to see what other hedge funds are holding OXLC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
