Raymond James Financial Inc. Takes Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Raymond James Financial Inc. acquired a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 212,776 shares of the investment management company's stock, valued at approximately $1,079,000. Raymond James Financial Inc. owned 0.06% of Oxford Lane Capital at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Titleist Asset Management LLC acquired a new position in Oxford Lane Capital during the fourth quarter worth about $51,000. Envestnet Asset Management Inc. lifted its stake in Oxford Lane Capital by 42.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,163 shares of the investment management company's stock valued at $153,000 after purchasing an additional 8,928 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in Oxford Lane Capital by 10.0% during the fourth quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company's stock worth $6,043,000 after buying an additional 107,951 shares in the last quarter. World Investment Advisors acquired a new position in Oxford Lane Capital in the fourth quarter worth approximately $134,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Oxford Lane Capital in the fourth quarter valued at $90,000. Institutional investors own 6.74% of the company's stock.

Oxford Lane Capital Price Performance

Shares of OXLC traded up $0.04 during trading hours on Friday, hitting $4.78. 2,956,836 shares of the company were exchanged, compared to its average volume of 5,193,420. The firm has a fifty day simple moving average of $4.62 and a 200-day simple moving average of $4.98. The company has a market capitalization of $1.65 billion, a PE ratio of 5.76 and a beta of 0.75. Oxford Lane Capital Corp. has a one year low of $3.91 and a one year high of $5.78.

Oxford Lane Capital Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a $0.09 dividend. The ex-dividend date was Wednesday, April 16th. This represents a yield of 24.43%. Oxford Lane Capital's dividend payout ratio is currently 128.92%.

Oxford Lane Capital 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.