Wedbush Securities Inc. Buys 172,386 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

Wedbush Securities Inc. lifted its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 14.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,364,214 shares of the investment management company's stock after purchasing an additional 172,386 shares during the quarter. Wedbush Securities Inc. owned 0.39% of Oxford Lane Capital worth $6,439,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Triumph Capital Management increased its stake in Oxford Lane Capital by 8.4% in the 1st quarter. Triumph Capital Management now owns 324,971 shares of the investment management company's stock worth $1,534,000 after acquiring an additional 25,101 shares during the last quarter. Choreo LLC increased its stake in Oxford Lane Capital by 1,348.8% in the 1st quarter. Choreo LLC now owns 145,590 shares of the investment management company's stock worth $687,000 after acquiring an additional 135,541 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in Oxford Lane Capital by 130.5% in the 1st quarter. J.W. Cole Advisors Inc. now owns 659,970 shares of the investment management company's stock worth $3,115,000 after acquiring an additional 373,710 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in Oxford Lane Capital by 71.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 31,400 shares of the investment management company's stock worth $148,000 after acquiring an additional 13,100 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in Oxford Lane Capital by 44.1% in the 1st quarter. Private Advisor Group LLC now owns 274,217 shares of the investment management company's stock worth $1,294,000 after acquiring an additional 83,936 shares during the last quarter. 6.74% of the stock is currently owned by institutional investors.

Oxford Lane Capital Price Performance

NASDAQ OXLC traded up $0.13 during trading on Friday, reaching $3.62. The company's stock had a trading volume of 8,623,428 shares, compared to its average volume of 6,871,852. The stock has a market capitalization of $1.64 billion, a PE ratio of 4.36 and a beta of 0.77. The firm has a fifty day moving average of $4.23 and a 200 day moving average of $4.62. Oxford Lane Capital Corp. has a one year low of $3.27 and a one year high of $5.62.

Oxford Lane Capital Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 18th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, July 17th. This represents a yield of 26.67%. Oxford Lane Capital's payout ratio is 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.