CoreCap Advisors LLC Boosts Stake in Oxford Lane Capital Corp. (NASDAQ:OXLC)

CoreCap Advisors LLC raised its holdings in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 91.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,272 shares of the investment management company’s stock after buying an additional 22,090 shares during the quarter. CoreCap Advisors LLC’s holdings in Oxford Lane Capital were worth $235,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Oxford Lane Capital during the fourth quarter worth about $1,079,000. Wedbush Securities Inc. grew its position in Oxford Lane Capital by 10.0% during the fourth quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company’s stock worth $6,043,000 after buying an additional 107,951 shares in the last quarter. Border to Coast Pensions Partnership Ltd grew its position in Oxford Lane Capital by 31.7% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock worth $9,373,000 after buying an additional 445,000 shares in the last quarter. Realta Investment Advisors grew its position in Oxford Lane Capital by 15.9% during the fourth quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock worth $5,254,000 after buying an additional 141,536 shares in the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in Oxford Lane Capital during the fourth quarter worth about $290,000. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Lane Capital Stock Up 0.8%

Oxford Lane Capital stock opened at $4.78 on Monday. The business has a 50-day simple moving average of $4.62 and a 200 day simple moving average of $4.97. Oxford Lane Capital Corp. has a 52 week low of $3.91 and a 52 week high of $5.78. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 5.76 and a beta of 0.75.

Oxford Lane Capital Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were issued a $0.09 dividend. This represents a dividend yield of 24.43%. The ex-dividend date was Wednesday, April 16th. Oxford Lane Capital’s payout ratio is currently 128.92%.

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.