Envestnet Asset Management Inc. Purchases 123,808 Shares of Oxford Lane Capital Corp. $OXLC

Envestnet Asset Management Inc. raised its position in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 142.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 210,520 shares of the investment management company’s stock after acquiring an additional 123,808 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.23% of Oxford Lane Capital worth $3,564,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Wedbush Securities Inc. grew its stake in shares of Oxford Lane Capital by 11.1% in the second quarter. Wedbush Securities Inc. now owns 1,516,297 shares of the investment management company’s stock worth $6,368,000 after purchasing an additional 152,083 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in Oxford Lane Capital by 3.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 682,335 shares of the investment management company’s stock worth $2,866,000 after buying an additional 22,365 shares during the period. Jane Street Group LLC grew its position in shares of Oxford Lane Capital by 1,520.4% in the 2nd quarter. Jane Street Group LLC now owns 594,696 shares of the investment management company’s stock worth $2,498,000 after buying an additional 557,996 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Oxford Lane Capital by 8.1% during the second quarter. Geneos Wealth Management Inc. now owns 579,347 shares of the investment management company’s stock valued at $2,433,000 after buying an additional 43,330 shares during the period. Finally, North Ground Capital bought a new position in shares of Oxford Lane Capital during the third quarter valued at approximately $6,771,000. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Lane Capital Stock Down 0.7%

Shares of Oxford Lane Capital stock opened at $8.98 on Wednesday. The business has a 50 day moving average of $12.98 and a 200 day moving average of $15.02. Oxford Lane Capital Corp. has a 52 week low of $8.71 and a 52 week high of $25.45. The company has a market cap of $813.92 million, a PE ratio of 1.36 and a beta of 0.73.

Oxford Lane Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) dividend on an annualized basis and a dividend yield of 26.7%.

About Oxford Lane Capital

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.