CoreCap Advisors LLC Boosts Stock Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

CoreCap Advisors LLC boosted its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 91.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,272 shares of the investment management company’s stock after acquiring an additional 22,090 shares during the quarter. CoreCap Advisors LLC’s holdings in Oxford Lane Capital were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Lewis Asset Management LLC purchased a new stake in Oxford Lane Capital during the 4th quarter valued at about $51,000. Titleist Asset Management LLC purchased a new stake in Oxford Lane Capital during the 4th quarter valued at about $51,000. Choreo LLC purchased a new stake in Oxford Lane Capital during the 4th quarter valued at about $51,000. Walkner Condon Financial Advisors LLC purchased a new stake in Oxford Lane Capital during the 4th quarter valued at about $51,000. Finally, Stifel Financial Corp purchased a new stake in Oxford Lane Capital during the 4th quarter valued at about $54,000. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Lane Capital Price Performance

Shares of OXLC stock opened at $4.78 on Monday. The stock has a market capitalization of $1.65 billion, a PE ratio of 5.76 and a beta of 0.75. Oxford Lane Capital Corp. has a 1-year low of $3.91 and a 1-year high of $5.78. The business has a 50-day moving average of $4.62 and a 200 day moving average of $4.97.

Oxford Lane Capital Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were given a dividend of $0.09 per share. This represents a yield of 24.43%. The ex-dividend date of this dividend was Wednesday, April 16th. Oxford Lane Capital’s payout ratio is 128.92%.

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.