Oxford Lane Capital Corp. (NASDAQ:OXLC) Stock Position Raised by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC boosted its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,518 shares of the investment management company’s stock after buying an additional 16,181 shares during the quarter. Samalin Investment Counsel LLC’s holdings in Oxford Lane Capital were worth $930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Merkkuri Wealth Advisors LLC lifted its position in Oxford Lane Capital by 20.8% in the 4th quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company’s stock worth $62,000 after buying an additional 2,100 shares in the last quarter. Captrust Financial Advisors lifted its position in Oxford Lane Capital by 31.1% in the 3rd quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock worth $71,000 after buying an additional 3,229 shares in the last quarter. D.A. Davidson & CO. lifted its position in Oxford Lane Capital by 16.5% in the 3rd quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company’s stock worth $143,000 after buying an additional 3,865 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in Oxford Lane Capital by 37.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 26,724 shares of the investment management company’s stock worth $140,000 after buying an additional 7,248 shares in the last quarter. Finally, Silverleafe Capital Partners LLC lifted its position in Oxford Lane Capital by 28.7% in the 4th quarter. Silverleafe Capital Partners LLC now owns 39,513 shares of the investment management company’s stock worth $200,000 after buying an additional 8,820 shares in the last quarter. Hedge funds and other institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Up 4.8 %

OXLC stock opened at $4.57 on Friday. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 5.51 and a beta of 1.17. The company has a 50 day moving average of $5.00 and a two-hundred day moving average of $5.15. Oxford Lane Capital Corp. has a 12-month low of $4.01 and a 12-month high of $5.78.

Oxford Lane Capital (NASDAQ:OXLC) last released its quarterly earnings results 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 Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, April 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.