LPL Financial LLC Acquires 268,631 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

LPL Financial LLC raised its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 42.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 897,345 shares of the investment management company’s stock after buying an additional 268,631 shares during the quarter. LPL Financial LLC’s holdings in Oxford Lane Capital were worth $4,550,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors lifted its position in Oxford Lane Capital by 31.1% during the third quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock valued at $71,000 after purchasing an additional 3,229 shares during the last quarter. HighTower Advisors LLC lifted its position in Oxford Lane Capital by 75.9% in the third quarter. HighTower Advisors LLC now owns 23,232 shares of the investment management company’s stock valued at $121,000 after purchasing an additional 10,026 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Oxford Lane Capital during the 3rd quarter valued at $88,000. Hohimer Wealth Management LLC grew its stake in shares of Oxford Lane Capital by 118.1% in the third quarter. Hohimer Wealth Management LLC now owns 72,065 shares of the investment management company’s stock worth $378,000 after purchasing an additional 39,027 shares during the last quarter. Finally, McIlrath & Eck LLC bought a new stake in shares of Oxford Lane Capital in the 3rd quarter worth approximately $55,000. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Trading Up 8.1 %

Shares of NASDAQ OXLC opened at $4.69 on Thursday. Oxford Lane Capital Corp. has a 12 month low of $3.91 and a 12 month high of $5.78. The firm has a fifty day simple moving average of $4.85 and a two-hundred day simple moving average of $5.08. The firm has a market capitalization of $1.62 billion, a PE ratio of 5.65 and a beta of 0.84.

Oxford Lane Capital (NASDAQ:OXLC) last announced its quarterly earnings data 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 Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.08 dividend on an annualized basis and a yield of 23.03%. Oxford Lane Capital’s dividend payout ratio is currently 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.