D.A. Davidson & CO. Buys 8,668 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

D.A. Davidson & CO. lifted its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 31.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,142 shares of the investment management company’s stock after acquiring an additional 8,668 shares during the period. D.A. Davidson & CO.’s holdings in Oxford Lane Capital were worth $171,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in OXLC. SWAN Capital LLC acquired a new stake in Oxford Lane Capital in the 4th quarter valued at approximately $30,000. Titleist Asset Management LLC acquired a new stake in Oxford Lane Capital in the 4th quarter valued at approximately $51,000. Insigneo Advisory Services LLC acquired a new stake in Oxford Lane Capital in the 1st quarter valued at approximately $47,000. Quilter Plc acquired a new stake in Oxford Lane Capital in the 1st quarter valued at approximately $47,000. Finally, Cornell Pochily Investment Advisors Inc. acquired a new stake in Oxford Lane Capital in the 1st quarter valued at approximately $48,000. 6.74% of the stock is owned by institutional investors.

Oxford Lane Capital Stock Down 1.0%

OXLC opened at $4.12 on Friday. The firm has a market capitalization of $1.87 billion, a P/E ratio of 4.96 and a beta of 0.77. The stock’s 50 day moving average price is $4.41 and its two-hundred day moving average price is $4.70. Oxford Lane Capital Corp. has a 12-month low of $3.91 and a 12-month high of $5.68.

Oxford Lane Capital Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were issued a dividend of $0.09 per share. This represents a dividend yield of 24.43%. The ex-dividend date of this dividend was Wednesday, April 16th. Oxford Lane Capital’s payout ratio is presently 130.12%.

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.