Financial Guidance Group Inc. Buys Shares of 29,250 Oxford Lane Capital Corp. (NASDAQ:OXLC)

Financial Guidance Group Inc. purchased a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 29,250 shares of the investment management company’s stock, valued at approximately $148,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Precision Wealth Strategies LLC purchased a new position in Oxford Lane Capital during the 3rd quarter valued at about $52,000. Lewis Asset Management LLC purchased a new position in shares of Oxford Lane Capital in the fourth quarter valued at approximately $51,000. Marks Wealth LLC acquired a new position in shares of Oxford Lane Capital in the third quarter valued at approximately $53,000. Choreo LLC purchased a new stake in Oxford Lane Capital during the 4th quarter worth approximately $51,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in Oxford Lane Capital during the 3rd quarter worth approximately $53,000. 6.74% of the stock is owned by hedge funds and other institutional investors.

Oxford Lane Capital Stock Down 0.6 %

NASDAQ:OXLC opened at $5.14 on Thursday. Oxford Lane Capital Corp. has a 52 week low of $4.95 and a 52 week high of $5.78. The company has a fifty day simple moving average of $5.13 and a two-hundred day simple moving average of $5.24. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 6.19 and a beta of 1.16.

Oxford Lane Capital (NASDAQ:OXLC) last issued its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share 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 Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 21.01%. The ex-dividend date is Monday, June 16th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 125.30%.

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.