Founders Financial Alliance LLC Grows Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Founders Financial Alliance LLC boosted its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 201,464 shares of the investment management company’s stock after purchasing an additional 11,738 shares during the period. Founders Financial Alliance LLC owned approximately 0.06% of Oxford Lane Capital worth $1,021,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of OXLC. Lewis Asset Management LLC purchased a new stake in Oxford Lane Capital during the 4th quarter worth approximately $51,000. Walkner Condon Financial Advisors LLC purchased a new stake in Oxford Lane Capital in the 4th quarter worth $51,000. Choreo LLC purchased a new stake in Oxford Lane Capital in the 4th quarter worth $51,000. National Wealth Management Group LLC purchased a new stake in Oxford Lane Capital in the 3rd quarter worth $54,000. Finally, McIlrath & Eck LLC purchased a new stake in Oxford Lane Capital in the 3rd quarter worth $55,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

Shares of NASDAQ OXLC opened at $5.00 on Tuesday. The firm has a market cap of $1.73 billion, a PE ratio of 6.02 and a beta of 1.17. The firm has a fifty day moving average of $5.09 and a 200 day moving average of $5.20. Oxford Lane Capital Corp. has a one year low of $4.95 and a one year high of $5.78.

Oxford Lane Capital (NASDAQ:OXLC) last issued its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 21.60%. The ex-dividend date of this dividend is Monday, June 16th. Oxford Lane Capital’s payout ratio is presently 126.51%.

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.