Private Advisor Group LLC Has $965,000 Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Private Advisor Group LLC grew its position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 23.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 190,281 shares of the investment management company’s stock after purchasing an additional 36,527 shares during the period. Private Advisor Group LLC’s holdings in Oxford Lane Capital were worth $965,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in OXLC. Rockefeller Capital Management L.P. acquired a new stake in Oxford Lane Capital during the 3rd quarter worth approximately $777,000. Border to Coast Pensions Partnership Ltd raised its stake in shares of Oxford Lane Capital by 31.7% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock valued at $9,373,000 after acquiring an additional 445,000 shares during the last quarter. Realta Investment Advisors lifted its holdings in shares of Oxford Lane Capital by 15.9% during the fourth quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock worth $5,254,000 after purchasing an additional 141,536 shares during the period. Apollon Wealth Management LLC bought a new stake in shares of Oxford Lane Capital in the fourth quarter worth $290,000. Finally, J.W. Cole Advisors Inc. increased its holdings in Oxford Lane Capital by 25.3% in the fourth quarter. J.W. Cole Advisors Inc. now owns 286,260 shares of the investment management company’s stock valued at $1,451,000 after purchasing an additional 57,865 shares during the period. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Trading Up 0.8 %

Shares of OXLC opened at $5.06 on Friday. The stock’s 50-day moving average price is $5.10 and its two-hundred day moving average price is $5.21. Oxford Lane Capital Corp. has a 12 month low of $4.95 and a 12 month high of $5.78. The company has a market capitalization of $1.75 billion, a PE ratio of 6.10 and a beta of 1.16.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 21.34%. The ex-dividend date is Monday, June 16th. Oxford Lane Capital’s dividend payout ratio is currently 126.51%.

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.