Sigma Planning Corp Sells 48,746 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

Sigma Planning Corp reduced its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 65.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,480 shares of the investment management company’s stock after selling 48,746 shares during the period. Sigma Planning Corp’s holdings in Oxford Lane Capital were worth $126,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. GPS Wealth Strategies Group LLC grew its holdings in Oxford Lane Capital by 57.2% during the third quarter. GPS Wealth Strategies Group LLC now owns 8,242 shares of the investment management company’s stock valued at $41,000 after purchasing an additional 3,000 shares during the period. L.M. Kohn & Company increased its holdings in Oxford Lane Capital by 24.2% in the 3rd quarter. L.M. Kohn & Company now owns 17,270 shares of the investment management company’s stock worth $86,000 after acquiring an additional 3,360 shares during the last quarter. Raymond James & Associates raised its stake in Oxford Lane Capital by 2.5% in the 4th quarter. Raymond James & Associates now owns 139,879 shares of the investment management company’s stock valued at $691,000 after acquiring an additional 3,413 shares during the period. D.A. Davidson & CO. lifted its holdings in Oxford Lane Capital by 21.4% during the third quarter. D.A. Davidson & CO. now owns 24,018 shares of the investment management company’s stock valued at $120,000 after purchasing an additional 4,227 shares during the last quarter. Finally, AE Wealth Management LLC boosted its position in Oxford Lane Capital by 9.3% during the third quarter. AE Wealth Management LLC now owns 65,408 shares of the investment management company’s stock worth $326,000 after purchasing an additional 5,543 shares during the period. Hedge funds and other institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Up 0.2 %

NASDAQ OXLC opened at $4.99 on Tuesday. The company’s 50 day moving average is $5.07 and its 200-day moving average is $5.03. The firm has a market cap of $780.44 million, a P/E ratio of 4.94 and a beta of 1.17. Oxford Lane Capital Corp. has a 12-month low of $4.41 and a 12-month high of $5.70.

Oxford Lane Capital (NASDAQ:OXLC) last issued its earnings results on Friday, January 26th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.12. The business had revenue of $79.20 million for the quarter. During the same quarter last year, the firm earned $0.31 earnings per share.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 19.24%. Oxford Lane Capital’s payout ratio is 95.05%.

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.