Wedbush Securities Inc. Increases Stock Holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Wedbush Securities Inc. increased its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 10.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor 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.’s holdings in Oxford Lane Capital were worth $6,043,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Merkkuri Wealth Advisors LLC raised its holdings in shares of Oxford Lane Capital by 20.8% in the fourth 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 last quarter. Captrust Financial Advisors boosted its stake in shares of Oxford Lane Capital by 31.1% during the third quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock valued at $71,000 after acquiring an additional 3,229 shares during the last quarter. D.A. Davidson & CO. increased its position in Oxford Lane Capital by 16.5% during the 3rd quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company’s stock worth $143,000 after purchasing an additional 3,865 shares in the last quarter. Silverleafe Capital Partners LLC raised its stake in Oxford Lane Capital by 28.7% in the 4th quarter. Silverleafe Capital Partners LLC now owns 39,513 shares of the investment management company’s stock valued at $200,000 after purchasing an additional 8,820 shares during the last quarter. Finally, Lewis Asset Management LLC purchased a new position in Oxford Lane Capital in the 4th quarter valued at about $51,000. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLC opened at $4.34 on Friday. The company has a market cap of $1.50 billion, a PE ratio of 5.23 and a beta of 1.17. The company has a 50-day simple moving average of $4.92 and a 200-day simple moving average of $5.11. Oxford Lane Capital Corp. has a 12 month low of $4.01 and a 12 month high of $5.78.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 24.88%. 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.