Schonfeld Strategic Advisors LLC Takes Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Schonfeld Strategic Advisors LLC purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) in the 3rd quarter, HoldingsChannel reports. The firm purchased 35,400 shares of the investment management company’s stock, valued at approximately $156,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Waddell & Associates LLC bought a new stake in shares of Oxford Lane Capital in the 3rd quarter valued at approximately $46,000. Kovack Advisors Inc. bought a new stake in shares of Oxford Lane Capital in the 3rd quarter valued at approximately $57,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Oxford Lane Capital in the 3rd quarter valued at approximately $64,000. Rockefeller Capital Management L.P. grew its stake in shares of Oxford Lane Capital by 32.1% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 37,002 shares of the investment management company’s stock valued at $152,000 after buying an additional 8,999 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of Oxford Lane Capital by 253.1% in the 2nd quarter. UBS Group AG now owns 88,244 shares of the investment management company’s stock valued at $363,000 after buying an additional 63,250 shares in the last quarter.

Shares of Oxford Lane Capital stock opened at $5.41 on Friday. The stock has a 50 day moving average price of $5.26 and a two-hundred day moving average price of $4.53. Oxford Lane Capital Corp. has a 12-month low of $1.86 and a 12-month high of $9.60.

Oxford Lane Capital (NASDAQ:OXLC) last announced its earnings results on Monday, November 2nd. The investment management company reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $30.10 million for the quarter.

The business also recently announced a monthly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 17th will be given a dividend of $0.0675 per share. The ex-dividend date of this dividend is Tuesday, March 16th. This represents a $0.81 dividend on an annualized basis and a yield of 14.97%.

Separately, BidaskClub cut Oxford Lane Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 18th.

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.

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Institutional Ownership by Quarter for Oxford Lane Capital (NASDAQ:OXLC)

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