Commonwealth Equity Services LLC Lowers Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Commonwealth Equity Services LLC decreased its holdings in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,403 shares of the investment management company’s stock after selling 10,324 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Oxford Lane Capital were worth $1,498,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Lewis Asset Management LLC purchased a new position in Oxford Lane Capital in the 4th quarter worth approximately $51,000. Walkner Condon Financial Advisors LLC bought a new stake in shares of Oxford Lane Capital during the 4th quarter worth $51,000. Choreo LLC purchased a new position in Oxford Lane Capital in the fourth quarter worth $51,000. McIlrath & Eck LLC bought a new position in Oxford Lane Capital in the third quarter valued at $55,000. Finally, Merkkuri Wealth Advisors LLC increased its stake in Oxford Lane Capital by 20.8% in the fourth quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company’s stock valued at $62,000 after acquiring an additional 2,100 shares during the last quarter. 6.74% of the stock is currently owned by institutional investors.

Oxford Lane Capital Stock Down 0.2 %

Shares of OXLC stock opened at $4.65 on Friday. The firm has a market cap of $1.61 billion, a P/E ratio of 5.60 and a beta of 1.17. The business has a 50-day moving average price of $4.95 and a two-hundred day moving average price of $5.13. Oxford Lane Capital Corp. has a 12-month low of $4.01 and a 12-month high of $5.78.

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

Oxford Lane Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 23.23%. The ex-dividend date is Tuesday, September 16th. Oxford Lane Capital’s payout ratio is presently 127.71%.

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.