Farther Finance Advisors LLC raised its position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC – Free Report) by 6,666.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,570 shares of the investment management company’s stock after purchasing an additional 20,266 shares during the quarter. Farther Finance Advisors LLC’s holdings in Oxford Lane Capital were worth $108,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of OXLC. Precision Wealth Strategies LLC purchased a new stake in Oxford Lane Capital in the 3rd quarter worth about $52,000. Marks Wealth LLC acquired a new stake in shares of Oxford Lane Capital during the third quarter worth approximately $53,000. Merkkuri Wealth Advisors LLC acquired a new position in Oxford Lane Capital in the 3rd quarter valued at approximately $53,000. Foundations Investment Advisors LLC purchased a new stake in Oxford Lane Capital in the 3rd quarter worth approximately $64,000. Finally, Freestate Advisors LLC acquired a new stake in shares of Oxford Lane Capital during the 3rd quarter valued at $72,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.
Oxford Lane Capital Stock Performance
NASDAQ OXLC opened at $5.45 on Tuesday. The company has a market capitalization of $1.75 billion, a PE ratio of 3.89 and a beta of 1.15. Oxford Lane Capital Corp. has a 1-year low of $4.82 and a 1-year high of $5.78. The firm’s fifty day simple moving average is $5.27 and its 200-day simple moving average is $5.36.
Oxford Lane Capital Dividend Announcement
Oxford Lane Capital Profile
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.
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