Brown Brothers Harriman & Co. Takes Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Brown Brothers Harriman & Co. purchased a new position in Oxford Lane Capital Corp. (NASDAQ:OXLC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,846 shares of the investment management company’s stock, valued at approximately $90,000.

A number of other institutional investors have also added to or reduced their stakes in OXLC. Merkkuri Wealth Advisors LLC grew its position in shares of 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 during the period. Captrust Financial Advisors grew its holdings in Oxford Lane Capital by 31.1% in the third quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock worth $71,000 after purchasing an additional 3,229 shares during the period. D.A. Davidson & CO. increased its stake in shares of Oxford Lane Capital by 16.5% during the third quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company’s stock valued at $143,000 after purchasing an additional 3,865 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Oxford Lane Capital by 37.2% during the third quarter. Dynamic Technology Lab Private Ltd now owns 26,724 shares of the investment management company’s stock valued at $140,000 after purchasing an additional 7,248 shares during the last quarter. Finally, Silverleafe Capital Partners LLC boosted its position in shares of 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 purchasing an additional 8,820 shares in the last quarter. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Up 1.9 %

OXLC stock opened at $4.81 on Wednesday. The business has a 50 day moving average of $4.94 and a 200 day moving average of $5.12. The firm has a market cap of $1.66 billion, a PE ratio of 5.80 and a beta of 1.17. Oxford Lane Capital Corp. has a twelve month low of $4.01 and a twelve month high of $5.78.

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 Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.08 annualized dividend and a yield of 22.45%. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 127.71%.

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.