Bridgewealth Advisory Group LLC Has $67,000 Stock Holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Bridgewealth Advisory Group LLC reduced its holdings in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 77.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,294 shares of the investment management company’s stock after selling 41,333 shares during the period. Bridgewealth Advisory Group LLC’s holdings in Oxford Lane Capital were worth $67,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Oxford Lane Capital by 5.3% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 51,487 shares of the investment management company’s stock valued at $254,000 after purchasing an additional 2,588 shares in the last quarter. &PARTNERS grew its position in Oxford Lane Capital by 1.9% in the second quarter. &PARTNERS now owns 268,366 shares of the investment management company’s stock valued at $1,455,000 after acquiring an additional 5,055 shares during the period. Essex Financial Services Inc. raised its stake in Oxford Lane Capital by 41.7% during the second quarter. Essex Financial Services Inc. now owns 24,089 shares of the investment management company’s stock worth $131,000 after acquiring an additional 7,089 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Oxford Lane Capital by 14.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 57,689 shares of the investment management company’s stock valued at $285,000 after acquiring an additional 7,469 shares during the period. Finally, Private Advisor Group LLC boosted its stake in shares of Oxford Lane Capital by 8.2% in the 1st quarter. Private Advisor Group LLC now owns 122,871 shares of the investment management company’s stock valued at $624,000 after purchasing an additional 9,299 shares in the last quarter. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Down 0.2 %

Shares of Oxford Lane Capital stock opened at $5.19 on Friday. Oxford Lane Capital Corp. has a 12-month low of $4.41 and a 12-month high of $5.78. The stock has a market capitalization of $1.24 billion, a P/E ratio of 5.14 and a beta of 1.15. The company has a 50-day simple moving average of $5.39 and a 200 day simple moving average of $5.31.

Oxford Lane Capital Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.09 dividend. The ex-dividend date is Thursday, October 17th. Oxford Lane Capital’s dividend payout ratio (DPR) is currently 99.01%.

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.