Janney Montgomery Scott LLC Purchases Shares of 29,123 Oxford Lane Capital Corp. (NASDAQ:OXLC)

Janney Montgomery Scott LLC purchased a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,123 shares of the investment management company’s stock, valued at approximately $148,000.

A number of other large investors have also made changes to their positions in OXLC. Border to Coast Pensions Partnership Ltd bought a new stake in shares of Oxford Lane Capital during the 3rd quarter valued at about $7,341,000. Realta Investment Advisors lifted its position in shares of Oxford Lane Capital by 244.8% during the 3rd quarter. Realta Investment Advisors now owns 888,696 shares of the investment management company’s stock valued at $4,701,000 after buying an additional 630,942 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of Oxford Lane Capital during the 3rd quarter valued at about $777,000. Delphi Financial Group Inc. lifted its position in shares of Oxford Lane Capital by 36.8% during the 3rd quarter. Delphi Financial Group Inc. now owns 480,221 shares of the investment management company’s stock valued at $2,516,000 after buying an additional 129,184 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Oxford Lane Capital during the 3rd quarter valued at about $625,000. 6.74% of the stock is currently owned by institutional investors.

Oxford Lane Capital Stock Up 0.2 %

OXLC stock opened at $5.15 on Friday. Oxford Lane Capital Corp. has a twelve month low of $4.95 and a twelve month high of $5.78. The stock has a market cap of $1.78 billion, a P/E ratio of 6.20 and a beta of 1.16. The business’s 50-day moving average price is $5.12 and its 200-day moving average price is $5.24.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.39).

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.09 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.08 dividend on an annualized basis and a yield of 20.97%. Oxford Lane Capital’s dividend payout ratio is presently 125.30%.

Oxford Lane Capital Company 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.