LPL Financial LLC Increases Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Key Points

• LPL Financial LLC increased its holdings in Oxford Lane Capital Corp. by 41.0% during the first quarter, owning over 1.26 million shares valued at approximately $5.97 million by the end of the period.
• Oxford Lane Capital recently paid a dividend of $0.09 per share, resulting in an extraordinary yield of 2,667.0%, with a dividend payout ratio of 140.96%.
• As of the latest trading session, shares of Oxford Lane Capital have shown a price increase of 3.6%, opening at $3.44 against a 52-week range of $3.18 to $5.57.

LPL Financial LLC lifted its position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 41.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,264,958 shares of the investment management company's stock after buying an additional 367,613 shares during the quarter. LPL Financial LLC owned approximately 0.37% of Oxford Lane Capital worth $5,971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in OXLC. J.W. Cole Advisors Inc. increased its holdings in Oxford Lane Capital by 130.5% during the 1st quarter. J.W. Cole Advisors Inc. now owns 659,970 shares of the investment management company's stock valued at $3,115,000 after acquiring an additional 373,710 shares in the last quarter. M&T Bank Corp grew its position in shares of Oxford Lane Capital by 540.8% in the first quarter. M&T Bank Corp now owns 306,884 shares of the investment management company's stock valued at $1,448,000 after purchasing an additional 258,992 shares during the last quarter. Realta Investment Advisors grew its position in shares of Oxford Lane Capital by 21.4% in the first quarter. Realta Investment Advisors now owns 1,250,737 shares of the investment management company's stock valued at $5,903,000 after purchasing an additional 220,505 shares during the last quarter. Citadel Advisors LLC increased its stake in shares of Oxford Lane Capital by 333.5% during the 4th quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company's stock worth $4,874,000 after purchasing an additional 739,506 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Oxford Lane Capital by 905.9% during the 4th quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company's stock worth $2,379,000 after purchasing an additional 422,593 shares in the last quarter. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Lane Capital Stock Down 0.3%

Shares of Oxford Lane Capital stock traded down $0.01 during trading on Wednesday, hitting $3.53. 8,223,939 shares of the company were exchanged, compared to its average volume of 6,984,671. Oxford Lane Capital Corp. has a fifty-two week low of $3.18 and a fifty-two week high of $5.49. The firm has a 50 day moving average price of $3.97 and a 200 day moving average price of $4.48. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 4.25 and a beta of 0.76.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 18th were given a dividend of $0.09 per share. This represents a yield of 2,667.0%. The ex-dividend date was Thursday, July 17th. Oxford Lane Capital's dividend payout ratio (DPR) is currently 140.96%.

Oxford Lane Capital Company 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.