J.W. Cole Advisors Inc. Acquires 57,865 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

J.W. Cole Advisors Inc. raised its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 25.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 286,260 shares of the investment management company's stock after buying an additional 57,865 shares during the period. J.W. Cole Advisors Inc. owned 0.08% of Oxford Lane Capital worth $1,451,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in shares of Oxford Lane Capital during the 2nd quarter worth about $160,000. Creative Planning acquired a new position in shares of Oxford Lane Capital during the 3rd quarter worth about $170,000. Capital Investment Advisors LLC increased its stake in shares of 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 purchasing an additional 3,682 shares during the last quarter. Border to Coast Pensions Partnership Ltd acquired a new position in shares of Oxford Lane Capital during the 3rd quarter worth about $7,341,000. Finally, Precision Wealth Strategies LLC acquired a new position in shares of Oxford Lane Capital during the 3rd quarter worth about $52,000. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Trading Down 1.2 %

Shares of Oxford Lane Capital stock traded down $0.06 during trading on Friday, hitting $5.05. 7,427,057 shares of the stock were exchanged, compared to its average volume of 5,498,810. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 6.08 and a beta of 1.16. The company has a fifty day moving average price of $5.11 and a 200-day moving average price of $5.22. Oxford Lane Capital Corp. has a 1-year low of $4.95 and a 1-year high of $5.78.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last announced its earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 21.39%. The ex-dividend date of this dividend is Monday, June 16th. Oxford Lane Capital's payout ratio is 126.51%.

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.