D.A. Davidson & CO. Sells 46,460 Shares of Oxford Lane Capital Corp. $OXLC

D.A. Davidson & CO. lowered its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 80.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,236 shares of the investment management company’s stock after selling 46,460 shares during the quarter. D.A. Davidson & CO.’s holdings in Oxford Lane Capital were worth $190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AdvisorNet Financial Inc lifted its stake in shares of Oxford Lane Capital by 92.5% in the second quarter. AdvisorNet Financial Inc now owns 6,198 shares of the investment management company’s stock valued at $26,000 after buying an additional 2,979 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Oxford Lane Capital in the 2nd quarter worth about $28,000. Cary Street Partners Investment Advisory LLC bought a new position in Oxford Lane Capital in the 2nd quarter valued at about $32,000. Capital Investment Advisors LLC acquired a new position in Oxford Lane Capital during the 2nd quarter valued at about $45,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in Oxford Lane Capital during the 2nd quarter worth approximately $47,000. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Up 0.3%

OXLC stock opened at $14.92 on Friday. Oxford Lane Capital Corp. has a twelve month low of $12.88 and a twelve month high of $25.95. The stock’s 50 day moving average is $14.43 and its 200-day moving average is $16.53. The firm has a market capitalization of $1.35 billion, a PE ratio of 2.17 and a beta of 0.70.

Oxford Lane Capital (NASDAQ:OXLC) last announced its quarterly earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($1.01). The company had revenue of $128.30 million during the quarter, compared to analyst estimates of $247.87 million.

Oxford Lane Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.40 per share. This represents a c) dividend on an annualized basis and a dividend yield of 32.2%. The ex-dividend date of this dividend is Tuesday, March 17th.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.