Wedbush Securities Inc. Boosts Stock Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Wedbush Securities Inc. raised its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,191,828 shares of the investment management company’s stock after purchasing an additional 107,951 shares during the quarter. Wedbush Securities Inc. owned 0.34% of Oxford Lane Capital worth $6,043,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Lewis Asset Management LLC purchased a new position in Oxford Lane Capital in the 4th quarter valued at $51,000. Walkner Condon Financial Advisors LLC purchased a new stake in shares of Oxford Lane Capital in the fourth quarter valued at about $51,000. Choreo LLC acquired a new position in shares of Oxford Lane Capital during the fourth quarter worth about $51,000. McIlrath & Eck LLC purchased a new position in Oxford Lane Capital during the third quarter worth about $55,000. Finally, Merkkuri Wealth Advisors LLC lifted its position in Oxford Lane Capital by 20.8% in the fourth quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company’s stock valued at $62,000 after purchasing an additional 2,100 shares during the period. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Trading Down 7.3 %

NASDAQ OXLC opened at $4.34 on Friday. The business’s 50 day moving average is $4.92 and its two-hundred day moving average is $5.11. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 5.23 and a beta of 1.17. Oxford Lane Capital Corp. has a 12-month low of $4.01 and a 12-month high of $5.78.

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

Oxford Lane Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.08 annualized dividend and a yield of 24.88%. Oxford Lane Capital’s payout ratio is currently 127.71%.

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.