Oppenheimer & Co. Inc. Invests $625,000 in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Oppenheimer & Co. Inc. acquired a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 119,221 shares of the investment management company's stock, valued at approximately $625,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OXLC. Precision Wealth Strategies LLC acquired a new position in shares of Oxford Lane Capital in the third quarter valued at approximately $52,000. Marks Wealth LLC purchased a new position in shares of Oxford Lane Capital during the 3rd quarter worth $53,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Oxford Lane Capital during the third quarter worth $53,000. Foundations Investment Advisors LLC purchased a new stake in shares of Oxford Lane Capital in the third quarter valued at $64,000. Finally, Freestate Advisors LLC purchased a new position in Oxford Lane Capital during the third quarter worth about $72,000. Hedge funds and other institutional investors own 6.74% of the company's stock.

Oxford Lane Capital Stock Performance

Oxford Lane Capital stock opened at $5.22 on Thursday. Oxford Lane Capital Corp. has a 1 year low of $4.82 and a 1 year high of $5.78. The firm has a 50 day moving average price of $5.27 and a 200 day moving average price of $5.37. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 3.73 and a beta of 1.15.

Oxford Lane Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 20.69%. The ex-dividend date is Monday, March 17th. Oxford Lane Capital's payout ratio is currently 72.14%.

Oxford Lane Capital 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.