HighTower Advisors LLC Acquires 10,026 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

HighTower Advisors LLC lifted its holdings in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 75.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,232 shares of the investment management company’s stock after acquiring an additional 10,026 shares during the quarter. HighTower Advisors LLC’s holdings in Oxford Lane Capital were worth $121,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Border to Coast Pensions Partnership Ltd bought a new position in shares of Oxford Lane Capital during the third quarter worth approximately $7,341,000. Wedbush Securities Inc. lifted its holdings in shares of Oxford Lane Capital by 36.4% during the second quarter. Wedbush Securities Inc. now owns 1,016,222 shares of the investment management company’s stock worth $5,508,000 after buying an additional 271,369 shares in the last quarter. Realta Investment Advisors boosted its position in shares of Oxford Lane Capital by 244.8% in the third quarter. Realta Investment Advisors now owns 888,696 shares of the investment management company’s stock valued at $4,701,000 after acquiring an additional 630,942 shares during the period. Delphi Financial Group Inc. grew its stake in shares of Oxford Lane Capital by 36.8% in the third quarter. Delphi Financial Group Inc. now owns 480,221 shares of the investment management company’s stock valued at $2,516,000 after acquiring an additional 129,184 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Oxford Lane Capital by 8.0% during the second quarter. Commonwealth Equity Services LLC now owns 350,516 shares of the investment management company’s stock worth $1,900,000 after acquiring an additional 26,053 shares during the period. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Stock Down 0.6 %

Shares of NASDAQ:OXLC opened at $5.13 on Friday. Oxford Lane Capital Corp. has a 12-month low of $4.90 and a 12-month high of $5.78. The company’s 50 day moving average price is $5.24 and its two-hundred day moving average price is $5.34. The firm has a market cap of $1.77 billion, a PE ratio of 3.66 and a beta of 1.15.

Oxford Lane Capital Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, January 17th. Oxford Lane Capital’s payout ratio is presently 73.57%.

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.