EverSource Wealth Advisors LLC Acquires Shares of 16,000 Oxford Lane Capital Corp. (NASDAQ:OXLC)

EverSource Wealth Advisors LLC bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,000 shares of the investment management company’s stock, valued at approximately $89,000.

Other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its position 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 period. TrueMark Investments LLC bought a new position in Oxford Lane Capital in the second quarter worth about $1,643,000. Wedbush Securities Inc. lifted its holdings in Oxford Lane Capital by 36.4% in the second quarter. Wedbush Securities Inc. now owns 1,016,222 shares of the investment management company’s stock worth $5,508,000 after buying an additional 271,369 shares during the period. BNP Paribas Financial Markets boosted its position in Oxford Lane Capital by 315.2% during the 4th quarter. BNP Paribas Financial Markets now owns 142,700 shares of the investment management company’s stock valued at $705,000 after acquiring an additional 108,327 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its holdings in shares of Oxford Lane Capital by 174.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 145,964 shares of the investment management company’s stock worth $791,000 after acquiring an additional 92,741 shares during the period. 6.74% of the stock is owned by institutional investors.

Oxford Lane Capital Stock Down 1.0 %

OXLC opened at $5.17 on Friday. Oxford Lane Capital Corp. has a 52 week low of $4.41 and a 52 week high of $5.78. The stock has a market cap of $1.24 billion, a PE ratio of 5.12 and a beta of 1.15. The business has a 50 day moving average of $5.35 and a 200-day moving average of $5.31.

Oxford Lane Capital Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, October 17th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 99.01%.

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.