Farther Finance Advisors LLC Purchases 20,266 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

Farther Finance Advisors LLC lifted its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 6,666.4% during the third quarter, HoldingsChannel reports. The firm owned 20,570 shares of the investment management company’s stock after purchasing an additional 20,266 shares during the period. Farther Finance Advisors LLC’s holdings in Oxford Lane Capital were worth $108,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in OXLC. Border to Coast Pensions Partnership Ltd bought a new position in Oxford Lane Capital in the 3rd quarter worth approximately $7,341,000. Geneos Wealth Management Inc. raised its stake in Oxford Lane Capital by 198.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company’s stock valued at $2,680,000 after purchasing an additional 328,553 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Oxford Lane Capital in the 2nd quarter valued at $1,708,000. TrueMark Investments LLC acquired a new stake in Oxford Lane Capital in the 2nd quarter worth $1,643,000. Finally, Wedbush Securities Inc. increased its holdings in shares of Oxford Lane Capital by 36.4% during the 2nd quarter. Wedbush Securities Inc. now owns 1,016,222 shares of the investment management company’s stock worth $5,508,000 after purchasing an additional 271,369 shares during the period. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

NASDAQ OXLC opened at $5.45 on Tuesday. Oxford Lane Capital Corp. has a twelve month low of $4.82 and a twelve month high of $5.78. The stock has a market cap of $1.75 billion, a PE ratio of 3.89 and a beta of 1.15. The firm has a 50-day simple moving average of $5.27 and a 200 day simple moving average of $5.36.

Oxford Lane Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 19.82%. The ex-dividend date is Monday, March 17th. Oxford Lane Capital’s payout ratio is presently 72.14%.

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.