Captrust Financial Advisors Buys 3,229 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

Captrust Financial Advisors raised its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 31.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,628 shares of the investment management company’s stock after purchasing an additional 3,229 shares during the period. Captrust Financial Advisors’ holdings in Oxford Lane Capital were worth $71,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in Oxford Lane Capital in the 2nd quarter valued at $1,708,000. Rockefeller Capital Management L.P. bought a new position in shares of Oxford Lane Capital during the 3rd quarter worth about $777,000. Wedbush Securities Inc. lifted 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 acquiring an additional 271,369 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of 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 worth $2,680,000 after acquiring an additional 328,553 shares during the period. Finally, Border to Coast Pensions Partnership Ltd bought a new position in shares of Oxford Lane Capital during the 3rd quarter worth about $7,341,000. 6.74% of the stock is owned by institutional investors.

Oxford Lane Capital Stock Performance

NASDAQ:OXLC opened at $5.24 on Tuesday. The company has a 50-day moving average of $5.27 and a 200-day moving average of $5.36. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 3.74 and a beta of 1.15. Oxford Lane Capital Corp. has a 52 week low of $4.83 and a 52 week high of $5.78.

Oxford Lane Capital Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 20.61%. The ex-dividend date of this dividend is Monday, March 17th. Oxford Lane Capital’s payout ratio is 72.86%.

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.