World Investment Advisors Purchases Shares of 26,504 Oxford Lane Capital Corp. (NASDAQ:OXLC)

World Investment Advisors acquired a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) in the fourth quarter, Holdings Channel reports. The fund acquired 26,504 shares of the investment management company’s stock, valued at approximately $134,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Border to Coast Pensions Partnership Ltd lifted its holdings in shares of Oxford Lane Capital by 31.7% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock worth $9,373,000 after acquiring an additional 445,000 shares during the period. Realta Investment Advisors lifted its holdings in shares of Oxford Lane Capital by 15.9% during the 4th quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock worth $5,254,000 after acquiring an additional 141,536 shares during the period. TrueMark Investments LLC lifted its holdings in shares of Oxford Lane Capital by 88.5% during the 4th quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company’s stock worth $5,060,000 after acquiring an additional 468,696 shares during the period. LPL Financial LLC lifted its holdings in shares of Oxford Lane Capital by 42.7% during the 4th quarter. LPL Financial LLC now owns 897,345 shares of the investment management company’s stock worth $4,550,000 after acquiring an additional 268,631 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Oxford Lane Capital by 4.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 527,200 shares of the investment management company’s stock worth $2,673,000 after acquiring an additional 23,308 shares during the period. 6.74% of the stock is owned by institutional investors.

Oxford Lane Capital Stock Performance

NASDAQ:OXLC opened at $4.69 on Thursday. The company has a 50-day moving average of $4.85 and a 200-day moving average of $5.08. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 5.65 and a beta of 0.84. Oxford Lane Capital Corp. has a 52 week low of $3.91 and a 52 week high of $5.78.

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

Oxford Lane Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 23.03%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital’s dividend payout ratio is currently 127.71%.

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.