Oxford Lane Capital Corp. (NASDAQ:OXLC) Shares Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 33.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,951 shares of the investment management company’s stock after purchasing an additional 8,023 shares during the period. J.W. Cole Advisors Inc.’s holdings in Oxford Lane Capital were worth $158,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of OXLC. GPS Wealth Strategies Group LLC raised its holdings in Oxford Lane Capital by 57.2% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 8,242 shares of the investment management company’s stock valued at $41,000 after acquiring an additional 3,000 shares during the last quarter. Allworth Financial LP acquired a new position in Oxford Lane Capital in the 4th quarter valued at $46,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Oxford Lane Capital in the 3rd quarter valued at $60,000. Raymond James Financial Services Advisors Inc. raised its holdings in Oxford Lane Capital by 53.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,419 shares of the investment management company’s stock valued at $81,000 after acquiring an additional 5,725 shares during the last quarter. Finally, L.M. Kohn & Company raised its holdings in Oxford Lane Capital by 24.2% in the 3rd quarter. L.M. Kohn & Company now owns 17,270 shares of the investment management company’s stock valued at $86,000 after acquiring an additional 3,360 shares during the last quarter. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Stock Up 0.4 %

Shares of NASDAQ OXLC opened at $4.98 on Friday. Oxford Lane Capital Corp. has a 52-week low of $4.41 and a 52-week high of $5.70. The firm has a fifty day moving average of $5.07 and a 200-day moving average of $5.03. The stock has a market capitalization of $778.87 million, a PE ratio of 4.93 and a beta of 1.17.

Oxford Lane Capital (NASDAQ:OXLC) last announced its quarterly earnings data on Friday, January 26th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.12. The company had revenue of $79.20 million for the quarter. During the same period in the previous year, the company earned $0.31 earnings per share.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.96 annualized dividend and a dividend yield of 19.28%. Oxford Lane Capital’s dividend payout ratio is presently 95.05%.

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.