Wedbush Securities Inc. Acquires 107,951 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

Wedbush Securities Inc. raised its position in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,191,828 shares of the investment management company's stock after purchasing an additional 107,951 shares during the quarter. Wedbush Securities Inc. owned 0.34% of Oxford Lane Capital worth $6,043,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in OXLC. Border to Coast Pensions Partnership Ltd grew its stake in shares of Oxford Lane Capital by 31.7% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company's stock worth $9,373,000 after purchasing an additional 445,000 shares during the last quarter. Realta Investment Advisors lifted its holdings in Oxford Lane Capital by 15.9% during the 4th quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company's stock worth $5,254,000 after buying an additional 141,536 shares during the period. TrueMark Investments LLC grew its position in shares of Oxford Lane Capital by 88.5% in the 4th quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company's stock valued at $5,060,000 after buying an additional 468,696 shares during the last quarter. LPL Financial LLC increased its stake in shares of Oxford Lane Capital by 42.7% in the fourth quarter. LPL Financial LLC now owns 897,345 shares of the investment management company's stock valued at $4,550,000 after buying an additional 268,631 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of Oxford Lane Capital by 4.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 527,200 shares of the investment management company's stock worth $2,673,000 after acquiring an additional 23,308 shares during the last quarter. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Trading Down 0.6 %

OXLC stock traded down $0.03 during trading on Wednesday, hitting $4.32. The company had a trading volume of 3,250,367 shares, compared to its average volume of 4,935,692. The stock has a market cap of $1.49 billion, a PE ratio of 5.20 and a beta of 0.84. The business has a 50-day moving average of $4.87 and a 200-day moving average of $5.09. Oxford Lane Capital Corp. has a one year low of $3.91 and a one year high of $5.78.

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 Dividend Announcement

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 dividend of $0.09 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.08 dividend on an annualized basis and a yield of 25.03%. Oxford Lane Capital's payout ratio is currently 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.