Main Street Financial Solutions LLC Buys Shares of 31,192 Oxford Lane Capital Corp. (NASDAQ:OXLC)

Main Street Financial Solutions LLC purchased a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,192 shares of the investment management company’s stock, valued at approximately $158,000.

Other large investors also recently modified their holdings of the company. Lewis Asset Management LLC acquired a new position in Oxford Lane Capital in the 4th quarter valued at approximately $51,000. Walkner Condon Financial Advisors LLC acquired a new stake in Oxford Lane Capital in the fourth quarter valued at $51,000. Choreo LLC bought a new position in Oxford Lane Capital during the 4th quarter worth $51,000. Titleist Asset Management LLC acquired a new position in Oxford Lane Capital during the 4th quarter worth about $51,000. Finally, McIlrath & Eck LLC bought a new stake in shares of Oxford Lane Capital in the 3rd quarter valued at about $55,000. 6.74% of the stock is currently owned by institutional investors.

Oxford Lane Capital Price Performance

Shares of OXLC stock opened at $4.38 on Friday. The stock has a market capitalization of $1.52 billion, a PE ratio of 5.28 and a beta of 0.84. The business’s 50 day simple moving average is $4.76 and its 200 day simple moving average is $5.04. Oxford Lane Capital Corp. has a one year low of $3.91 and a one year high of $5.78.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 EPS 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. Shareholders of record on Thursday, April 17th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a yield of 24.43%. Oxford Lane Capital’s payout ratio is currently 127.71%.

Oxford Lane Capital Company 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.