Oxford Lane Capital Corp. (NASDAQ:OXLC) Stock Position Raised by Captrust Financial Advisors

Captrust Financial Advisors lifted its position in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 31.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,628 shares of the investment management company’s stock after acquiring an additional 3,229 shares during the quarter. Captrust Financial Advisors’ holdings in Oxford Lane Capital were worth $71,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in OXLC. Precision Wealth Strategies LLC acquired a new position in Oxford Lane Capital in the 3rd quarter valued at approximately $52,000. Marks Wealth LLC acquired a new position in Oxford Lane Capital in the 3rd quarter valued at approximately $53,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of Oxford Lane Capital during the 3rd quarter worth $53,000. National Wealth Management Group LLC acquired a new position in shares of Oxford Lane Capital during the 3rd quarter worth $54,000. Finally, Foundations Investment Advisors LLC acquired a new position in shares of Oxford Lane Capital during the 3rd quarter worth $64,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Price Performance

Shares of OXLC opened at $5.24 on Tuesday. The company’s fifty day moving average is $5.27 and its 200-day moving average is $5.36. Oxford Lane Capital Corp. has a 12 month low of $4.83 and a 12 month high of $5.78. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 3.74 and a beta of 1.15.

Oxford Lane Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors 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 dividend on an annualized basis and a yield of 20.61%. Oxford Lane Capital’s payout ratio is presently 72.86%.

Oxford Lane Capital 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.