16,760 Shares in Oxford Lane Capital Corp. (NASDAQ:OXLC) Bought by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 16,760 shares of the investment management company’s stock, valued at approximately $88,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Captrust Financial Advisors lifted its position in shares of Oxford Lane Capital by 31.1% during the 3rd quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock worth $71,000 after purchasing an additional 3,229 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Oxford Lane Capital by 33.5% during the third quarter. Capital Investment Advisors LLC now owns 14,682 shares of the investment management company’s stock worth $77,000 after buying an additional 3,682 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Oxford Lane Capital by 16.5% in the third quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company’s stock worth $143,000 after acquiring an additional 3,865 shares during the last quarter. Sage Capital Advisors llc grew its stake in shares of Oxford Lane Capital by 6.3% in the third quarter. Sage Capital Advisors llc now owns 85,082 shares of the investment management company’s stock worth $446,000 after acquiring an additional 5,030 shares during the last quarter. Finally, &PARTNERS raised its stake in Oxford Lane Capital by 1.9% during the 2nd quarter. &PARTNERS now owns 268,366 shares of the investment management company’s stock valued at $1,455,000 after purchasing an additional 5,055 shares during the last quarter. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Price Performance

Shares of Oxford Lane Capital stock opened at $5.24 on Friday. The firm has a fifty day moving average price of $5.27 and a two-hundred day moving average price of $5.36. Oxford Lane Capital Corp. has a fifty-two week low of $4.82 and a fifty-two week high of $5.78. The company has a market cap of $1.81 billion, a PE ratio of 3.74 and a beta of 1.15.

Oxford Lane Capital Dividend Announcement

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 given 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 dividend payout ratio (DPR) is presently 72.86%.

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.