Oxford Lane Capital Corp. $OXLC Stake Lowered by Prospera Financial Services Inc

Prospera Financial Services Inc decreased its position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 78.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,637 shares of the investment management company’s stock after selling 61,244 shares during the period. Prospera Financial Services Inc’s holdings in Oxford Lane Capital were worth $282,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its holdings in shares of Oxford Lane Capital by 70.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 31,136 shares of the investment management company’s stock valued at $147,000 after buying an additional 12,873 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Oxford Lane Capital by 17.9% during the 1st quarter. NewEdge Advisors LLC now owns 29,326 shares of the investment management company’s stock worth $138,000 after purchasing an additional 4,462 shares during the last quarter. MGO One Seven LLC increased its stake in shares of Oxford Lane Capital by 63.5% during the 2nd quarter. MGO One Seven LLC now owns 44,889 shares of the investment management company’s stock worth $189,000 after purchasing an additional 17,439 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Oxford Lane Capital during the 2nd quarter valued at $155,000. Finally, Fingerlakes Wealth Management Inc. acquired a new stake in shares of Oxford Lane Capital in the 2nd quarter valued at $54,000. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Price Performance

Oxford Lane Capital stock opened at $9.20 on Wednesday. Oxford Lane Capital Corp. has a one year low of $8.71 and a one year high of $25.60. The company’s fifty day moving average price is $13.45 and its two-hundred day moving average price is $15.29. The company has a market capitalization of $833.86 million, a price-to-earnings ratio of 1.57 and a beta of 0.73.

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.20 dividend. This represents a c) annualized dividend and a yield of 26.1%. The ex-dividend date is Tuesday, June 16th.

Oxford Lane Capital 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.