B. Riley Wealth Advisors Inc. Grows Stock Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

B. Riley Wealth Advisors Inc. grew its position in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,689 shares of the investment management company’s stock after acquiring an additional 7,469 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Oxford Lane Capital were worth $285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in OXLC. Tower Research Capital LLC TRC lifted its position in Oxford Lane Capital by 433.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,550 shares of the investment management company’s stock worth $32,000 after buying an additional 5,321 shares in the last quarter. Allworth Financial LP purchased a new position in Oxford Lane Capital during the fourth quarter worth approximately $46,000. First Horizon Advisors Inc. purchased a new position in Oxford Lane Capital during the fourth quarter worth approximately $49,000. Choreo LLC purchased a new position in Oxford Lane Capital during the fourth quarter worth approximately $61,000. Finally, Foundations Investment Advisors LLC purchased a new position in Oxford Lane Capital during the fourth quarter worth approximately $75,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

Shares of Oxford Lane Capital stock opened at $5.42 on Thursday. Oxford Lane Capital Corp. has a one year low of $4.41 and a one year high of $5.78. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 5.37 and a beta of 1.16. The business’s 50 day moving average price is $5.32 and its 200 day moving average price is $5.17.

Oxford Lane Capital Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.09 per share. This is a boost from Oxford Lane Capital’s previous dividend of $0.08. The ex-dividend date is Wednesday, July 17th. Oxford Lane Capital’s dividend payout ratio (DPR) is 96.04%.

Insiders Place Their Bets

In other Oxford Lane Capital news, CEO Jonathan H. Cohen bought 4,630,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was bought at an average price of $5.40 per share, with a total value of $25,002,000.00. Following the completion of the purchase, the chief executive officer now directly owns 4,864,728 shares in the company, valued at $26,269,531.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Oxford Lane Capital news, CEO Jonathan H. Cohen bought 4,630,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was bought at an average price of $5.40 per share, with a total value of $25,002,000.00. Following the completion of the purchase, the chief executive officer now directly owns 4,864,728 shares in the company, valued at $26,269,531.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Saul B. Rosenthal bought 2,315,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were acquired at an average cost of $5.40 per share, with a total value of $12,501,000.00. Following the purchase, the president now owns 2,514,887 shares of the company’s stock, valued at $13,580,389.80. The disclosure for this purchase can be found here. 0.42% of the stock is owned by insiders.

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.