Oppenheimer & Co. Inc. Makes New $625,000 Investment in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Oppenheimer & Co. Inc. acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 119,221 shares of the investment management company’s stock, valued at approximately $625,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sage Capital Advisors llc grew its stake in Oxford Lane Capital by 17.5% in the second quarter. Sage Capital Advisors llc now owns 80,052 shares of the investment management company’s stock valued at $434,000 after acquiring an additional 11,926 shares during the period. Maia Wealth LLC acquired a new stake in Oxford Lane Capital in the 2nd quarter valued at $95,000. Pasadena Private Wealth LLC bought a new stake in Oxford Lane Capital during the 2nd quarter valued at $256,000. Geneos Wealth Management Inc. raised its holdings in Oxford Lane Capital by 198.1% during the second quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company’s stock worth $2,680,000 after buying an additional 328,553 shares during the last quarter. Finally, &PARTNERS lifted its stake in shares of Oxford Lane Capital by 1.9% in the second quarter. &PARTNERS now owns 268,366 shares of the investment management company’s stock valued at $1,455,000 after buying an additional 5,055 shares in the last quarter. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Trading Down 0.4 %

Shares of NASDAQ:OXLC opened at $5.22 on Thursday. Oxford Lane Capital Corp. has a 1-year low of $4.82 and a 1-year high of $5.78. The stock has a market cap of $1.81 billion, a PE ratio of 3.73 and a beta of 1.15. The stock’s fifty day simple moving average is $5.27 and its two-hundred day simple moving average is $5.37.

Oxford Lane Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.08 annualized dividend and a dividend yield of 20.69%. Oxford Lane Capital’s payout ratio is 72.14%.

About Oxford Lane Capital

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.