Raymond James Financial Inc. Purchases Shares of 212,776 Oxford Lane Capital Corp. (NASDAQ:OXLC)

Raymond James Financial Inc. bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 212,776 shares of the investment management company's stock, valued at approximately $1,079,000. Raymond James Financial Inc. owned 0.06% of Oxford Lane Capital at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Lewis Asset Management LLC acquired a new position in shares of Oxford Lane Capital during the fourth quarter valued at $51,000. Walkner Condon Financial Advisors LLC bought a new position in Oxford Lane Capital in the 4th quarter valued at about $51,000. Choreo LLC acquired a new position in Oxford Lane Capital during the 4th quarter valued at about $51,000. McIlrath & Eck LLC bought a new stake in shares of Oxford Lane Capital during the 3rd quarter worth about $55,000. Finally, Merkkuri Wealth Advisors LLC lifted its stake in shares of 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 worth $62,000 after acquiring an additional 2,100 shares during the period. Institutional investors and hedge funds own 6.74% of the company's stock.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLC traded down $0.03 during mid-day trading on Monday, reaching $4.31. 13,191,073 shares of the company traded hands, compared to its average volume of 4,917,152. Oxford Lane Capital Corp. has a fifty-two week low of $3.92 and a fifty-two week high of $5.78. The firm has a market cap of $1.49 billion, a PE ratio of 5.19 and a beta of 0.84. The stock has a fifty day simple moving average of $4.90 and a 200-day simple moving average of $5.10.

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

Oxford Lane Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 25.06%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital's payout ratio is 127.71%.

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.