Apollon Wealth Management LLC Purchases New Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Apollon Wealth Management LLC purchased a new position in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 57,212 shares of the investment management company's stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in Oxford Lane Capital during the 2nd quarter worth about $160,000. Creative Planning acquired a new stake in Oxford Lane Capital during the 3rd quarter worth about $170,000. Teamwork Financial Advisors LLC acquired a new stake in Oxford Lane Capital during the 3rd quarter worth about $78,000. Joule Financial LLC raised its holdings in Oxford Lane Capital by 53.5% during the 3rd quarter. Joule Financial LLC now owns 18,773 shares of the investment management company's stock worth $98,000 after buying an additional 6,542 shares during the period. Finally, Capital Investment Advisors LLC raised its holdings in Oxford Lane Capital by 33.5% during the 3rd 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 period. 6.74% of the stock is currently owned by institutional investors.

Oxford Lane Capital Price Performance

NASDAQ OXLC traded up $0.04 on Tuesday, hitting $5.10. 2,363,883 shares of the company were exchanged, compared to its average volume of 5,397,547. The company's 50 day moving average price is $5.12 and its 200-day moving average price is $5.23. The firm has a market capitalization of $1.76 billion, a P/E ratio of 6.14 and a beta of 1.16. Oxford Lane Capital Corp. has a twelve month low of $4.95 and a twelve month high of $5.78.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last issued 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 Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.09 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 21.20%. Oxford Lane Capital's dividend payout ratio is 125.30%.

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.