Creative Planning Purchases New Shares in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Creative Planning purchased a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 32,352 shares of the investment management company’s stock, valued at approximately $170,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sage Capital Advisors llc increased its stake in Oxford Lane Capital by 6.3% in the third quarter. Sage Capital Advisors llc now owns 85,082 shares of the investment management company’s stock worth $446,000 after purchasing an additional 5,030 shares during the period. &PARTNERS increased its stake in Oxford Lane Capital by 1.9% in the second quarter. &PARTNERS now owns 268,366 shares of the investment management company’s stock worth $1,455,000 after purchasing an additional 5,055 shares during the period. Squarepoint Ops LLC increased its stake in Oxford Lane Capital by 11.5% in the second quarter. Squarepoint Ops LLC now owns 65,757 shares of the investment management company’s stock worth $356,000 after purchasing an additional 6,762 shares during the period. Essex Financial Services Inc. increased its stake in Oxford Lane Capital by 41.7% in the second quarter. Essex Financial Services Inc. now owns 24,089 shares of the investment management company’s stock worth $131,000 after purchasing an additional 7,089 shares during the period. Finally, Private Advisor Group LLC increased its stake in Oxford Lane Capital by 7.7% in the second quarter. Private Advisor Group LLC now owns 132,305 shares of the investment management company’s stock worth $717,000 after purchasing an additional 9,434 shares during the period. Hedge funds and other institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Price Performance

OXLC stock opened at $5.45 on Tuesday. The business’s fifty day simple moving average is $5.27 and its two-hundred day simple moving average is $5.36. Oxford Lane Capital Corp. has a twelve month low of $4.82 and a twelve month high of $5.78. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 3.89 and a beta of 1.15.

Oxford Lane Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.09 per share. The ex-dividend date is Monday, March 17th. This represents a $1.08 annualized dividend and a dividend yield of 19.82%. Oxford Lane Capital’s dividend payout ratio is currently 72.14%.

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.