Teamwork Financial Advisors LLC Makes New $78,000 Investment in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Teamwork Financial Advisors LLC purchased a new position in Oxford Lane Capital Corp. (NASDAQ:OXLC) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,927 shares of the investment management company’s stock, valued at approximately $78,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Prairie Sky Financial Group LLC purchased a new position in Oxford Lane Capital in the 3rd quarter worth approximately $205,000. Creative Planning purchased a new position in Oxford Lane Capital in the 3rd quarter worth approximately $170,000. Freestate Advisors LLC purchased a new position in Oxford Lane Capital in the 3rd quarter worth approximately $72,000. Sage Capital Advisors llc grew its stake in Oxford Lane Capital by 6.3% in the 3rd quarter. Sage Capital Advisors llc now owns 85,082 shares of the investment management company’s stock worth $446,000 after buying an additional 5,030 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Oxford Lane Capital in the 2nd quarter valued at $160,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

Shares of Oxford Lane Capital stock opened at $5.19 on Friday. Oxford Lane Capital Corp. has a 52-week low of $4.41 and a 52-week high of $5.78. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 5.14 and a beta of 1.15. The company has a fifty day moving average of $5.28 and a 200-day moving average of $5.33.

Oxford Lane Capital (NASDAQ:OXLC) last announced its quarterly earnings data on Friday, July 26th. The investment management company reported $0.41 earnings per share (EPS) for the quarter. The business had revenue of $89.80 million during the quarter.

Oxford Lane Capital Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be paid a $0.09 dividend. The ex-dividend date is Thursday, October 17th. This represents a dividend yield of 20.73%. Oxford Lane Capital’s dividend payout ratio (DPR) is 99.01%.

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.