Raymond James & Associates Increases Stock Holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Raymond James & Associates boosted its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 139,879 shares of the investment management company’s stock after buying an additional 3,413 shares during the quarter. Raymond James & Associates owned approximately 0.09% of Oxford Lane Capital worth $691,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of OXLC. Penserra Capital Management LLC boosted its holdings in Oxford Lane Capital by 13.2% during the third quarter. Penserra Capital Management LLC now owns 2,825,664 shares of the investment management company’s stock worth $14,100,000 after purchasing an additional 328,744 shares during the last quarter. Virtus ETF Advisers LLC boosted its stake in shares of Oxford Lane Capital by 100.9% in the 3rd quarter. Virtus ETF Advisers LLC now owns 221,206 shares of the investment management company’s stock worth $1,104,000 after buying an additional 111,096 shares during the last quarter. Samalin Investment Counsel LLC grew its holdings in shares of Oxford Lane Capital by 30.5% in the third quarter. Samalin Investment Counsel LLC now owns 104,073 shares of the investment management company’s stock valued at $519,000 after acquiring an additional 24,299 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of Oxford Lane Capital during the third quarter valued at approximately $119,000. Finally, Calton & Associates Inc. bought a new stake in Oxford Lane Capital during the third quarter worth $101,000. 6.74% of the stock is currently owned by institutional investors.

Oxford Lane Capital Stock Performance

OXLC stock opened at $4.96 on Wednesday. Oxford Lane Capital Corp. has a 1-year low of $4.41 and a 1-year high of $5.70. The stock has a market cap of $775.74 million, a P/E ratio of 4.91 and a beta of 1.17. The stock’s fifty day simple moving average is $5.08 and its two-hundred day simple moving average is $5.03.

Oxford Lane Capital (NASDAQ:OXLC) last issued its quarterly earnings results on Friday, January 26th. The investment management company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. The company had revenue of $79.20 million during the quarter. During the same quarter in the prior year, the business earned $0.31 earnings per share.

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.96 annualized dividend and a dividend yield of 19.35%. Oxford Lane Capital’s payout ratio is currently 95.05%.

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.