Maia Wealth LLC purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 96,612 shares of the investment management company's stock, valued at approximately $494,000.
Other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its position in shares of Oxford Lane Capital by 33.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 158,658 shares of the investment management company's stock worth $804,000 after acquiring an additional 39,437 shares in the last quarter. Partners Wealth Management LLC acquired a new position in Oxford Lane Capital during the 4th quarter valued at $206,000. Private Advisor Group LLC increased its holdings in Oxford Lane Capital by 23.8% in the 4th quarter. Private Advisor Group LLC now owns 190,281 shares of the investment management company's stock valued at $965,000 after buying an additional 36,527 shares during the period. Atria Wealth Solutions Inc. grew its holdings in shares of Oxford Lane Capital by 29.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 84,101 shares of the investment management company's stock worth $428,000 after purchasing an additional 19,227 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its holdings in shares of Oxford Lane Capital by 25.3% in the 4th quarter. J.W. Cole Advisors Inc. now owns 286,260 shares of the investment management company's stock worth $1,451,000 after purchasing an additional 57,865 shares during the last quarter. 6.74% of the stock is currently owned by institutional investors.
Oxford Lane Capital Price Performance
Shares of NASDAQ OXLC traded down $0.02 during mid-day trading on Thursday, hitting $5.02. The company's stock had a trading volume of 3,064,194 shares, compared to its average volume of 5,821,666. The company's fifty day simple moving average is $5.10 and its 200-day simple moving average is $5.20. Oxford Lane Capital Corp. has a one year low of $4.95 and a one year high of $5.78. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 6.04 and a beta of 1.16.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last announced its quarterly 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. Shareholders of record on Monday, June 16th will be paid a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 21.54%. The ex-dividend date of this dividend is Monday, June 16th. Oxford Lane Capital's payout ratio is 126.51%.
Oxford Lane Capital Company Profile
(
Free Report)
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.
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