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

LPL Financial LLC boosted its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 42.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 897,345 shares of the investment management company's stock after buying an additional 268,631 shares during the period. LPL Financial LLC owned approximately 0.26% of Oxford Lane Capital worth $4,550,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of OXLC. Lewis Asset Management LLC bought a new stake in shares of Oxford Lane Capital during the fourth quarter worth $51,000. Walkner Condon Financial Advisors LLC bought a new position in Oxford Lane Capital during the 4th quarter worth about $51,000. Choreo LLC acquired a new stake in shares of Oxford Lane Capital in the 4th quarter valued at about $51,000. McIlrath & Eck LLC bought a new stake in shares of Oxford Lane Capital in the third quarter valued at about $55,000. Finally, Merkkuri Wealth Advisors LLC lifted its stake in Oxford Lane Capital by 20.8% in the 4th 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 in the last quarter. Institutional investors own 6.74% of the company's stock.

Oxford Lane Capital Stock Up 0.7 %

Shares of OXLC stock traded up $0.03 during trading on Friday, reaching $4.43. The company's stock had a trading volume of 5,328,492 shares, compared to its average volume of 5,017,924. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 5.34 and a beta of 0.84. Oxford Lane Capital Corp. has a one year low of $3.91 and a one year high of $5.78. The business has a fifty day moving average price of $4.83 and a 200-day moving average price of $5.07.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) 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 business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.09 dividend. 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 24.38%. Oxford Lane Capital's dividend payout ratio is 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.