LPL Financial LLC Purchases 268,631 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

LPL Financial LLC grew its position in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 42.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 897,345 shares of the investment management company’s stock after purchasing an additional 268,631 shares during the period. LPL Financial LLC owned approximately 0.26% of Oxford Lane Capital worth $4,550,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in OXLC. Samalin Investment Counsel LLC increased its stake in shares of Oxford Lane Capital by 9.7% during the 4th quarter. Samalin Investment Counsel LLC now owns 183,518 shares of the investment management company’s stock worth $930,000 after purchasing an additional 16,181 shares during the last quarter. Evoke Wealth LLC acquired a new position in shares of Oxford Lane Capital in the 4th quarter valued at approximately $100,000. Founders Financial Alliance LLC lifted its position in shares of Oxford Lane Capital by 6.2% during the 4th quarter. Founders Financial Alliance LLC now owns 201,464 shares of the investment management company’s stock worth $1,021,000 after buying an additional 11,738 shares during the last quarter. Independent Advisor Alliance bought a new position in Oxford Lane Capital in the 4th quarter valued at approximately $70,000. Finally, Raymond James Financial Inc. bought a new position in Oxford Lane Capital in the fourth quarter valued at about $1,079,000. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Price Performance

Shares of OXLC opened at $4.69 on Thursday. 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 $4.85 and a 200-day moving average of $5.08. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 5.65 and a beta of 0.84.

Oxford Lane Capital (NASDAQ:OXLC) last released its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 23.03%. Oxford Lane Capital’s dividend payout ratio is presently 127.71%.

About Oxford Lane Capital

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.