First Horizon Advisors Inc. Takes $49,000 Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

First Horizon Advisors Inc. bought a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,000 shares of the investment management company’s stock, valued at approximately $49,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Andina Capital Management LLC purchased a new stake in shares of Oxford Lane Capital in the fourth quarter worth approximately $224,000. Choreo LLC bought a new stake in shares of Oxford Lane Capital during the fourth quarter worth $61,000. J.W. Cole Advisors Inc. boosted its stake in shares of Oxford Lane Capital by 33.5% during the fourth quarter. J.W. Cole Advisors Inc. now owns 31,951 shares of the investment management company’s stock valued at $158,000 after purchasing an additional 8,023 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Oxford Lane Capital by 10.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 132,600 shares of the investment management company’s stock worth $655,000 after purchasing an additional 12,500 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in Oxford Lane Capital in the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Price Performance

Oxford Lane Capital stock opened at $5.16 on Wednesday. The stock has a market cap of $807.02 million, a price-to-earnings ratio of 5.11 and a beta of 1.14. The firm has a 50-day moving average of $5.08 and a two-hundred day moving average of $5.04. Oxford Lane Capital Corp. has a 1 year low of $4.41 and a 1 year high of $5.70.

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.