D.A. Davidson & CO. Has $143,000 Stock Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

D.A. Davidson & CO. raised its holdings in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 16.5% in the third quarter, Holdings Channel reports. The institutional investor owned 27,266 shares of the investment management company’s stock after buying an additional 3,865 shares during the quarter. D.A. Davidson & CO.’s holdings in Oxford Lane Capital were worth $143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of OXLC. Dynamic Technology Lab Private Ltd lifted its position in shares of Oxford Lane Capital by 37.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 26,724 shares of the investment management company’s stock worth $140,000 after acquiring an additional 7,248 shares during the period. Moors & Cabot Inc. acquired a new position in shares of Oxford Lane Capital in the third quarter valued at $121,000. Oppenheimer & Co. Inc. bought a new position in Oxford Lane Capital in the third quarter worth $625,000. Sigma Planning Corp boosted its stake in Oxford Lane Capital by 10.2% during the third quarter. Sigma Planning Corp now owns 69,307 shares of the investment management company’s stock worth $363,000 after buying an additional 6,390 shares in the last quarter. Finally, Delphi Financial Group Inc. raised its stake in shares of Oxford Lane Capital by 36.8% in the 3rd quarter. Delphi Financial Group Inc. now owns 480,221 shares of the investment management company’s stock valued at $2,516,000 after buying an additional 129,184 shares in the last quarter. 6.74% of the stock is owned by institutional investors.

Oxford Lane Capital Stock Performance

NASDAQ:OXLC opened at $5.24 on Friday. The company has a 50-day moving average of $5.27 and a 200-day moving average of $5.37. Oxford Lane Capital Corp. has a 52 week low of $4.82 and a 52 week high of $5.78. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 3.79 and a beta of 1.15.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 20.61%. The ex-dividend date 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.