Money Concepts Capital Corp acquired a new position in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 75,457 shares of the investment management company's stock, valued at approximately $356,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OXLC. Quilter Plc acquired a new position in shares of Oxford Lane Capital in the 1st quarter valued at $47,000. Border to Coast Pensions Partnership Ltd lifted its holdings in Oxford Lane Capital by 18.9% during the first quarter. Border to Coast Pensions Partnership Ltd now owns 2,200,000 shares of the investment management company's stock worth $10,384,000 after acquiring an additional 350,000 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Oxford Lane Capital by 18.5% in the first quarter. Oppenheimer & Co. Inc. now owns 187,966 shares of the investment management company's stock valued at $887,000 after acquiring an additional 29,308 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Oxford Lane Capital by 14.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 256,656 shares of the investment management company's stock worth $1,211,000 after acquiring an additional 32,047 shares in the last quarter. Finally, Merkkuri Wealth Advisors LLC raised its position in shares of Oxford Lane Capital by 26.9% during the first quarter. Merkkuri Wealth Advisors LLC now owns 15,466 shares of the investment management company's stock worth $73,000 after purchasing an additional 3,278 shares during the period. 6.74% of the stock is owned by institutional investors.
Oxford Lane Capital Trading Up 0.1%
Shares of NASDAQ:OXLC traded up $0.01 during trading on Wednesday, hitting $4.20. 3,250,836 shares of the company's stock traded hands, compared to its average volume of 5,352,482. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 5.05 and a beta of 0.81. Oxford Lane Capital Corp. has a 52 week low of $3.91 and a 52 week high of $5.68. The company has a 50-day moving average price of $4.48 and a 200-day moving average price of $4.76.
Oxford Lane Capital Announces Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were paid a dividend of $0.09 per share. 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 is 130.12%.
Oxford Lane Capital Profile
(
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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