Financial Guidance Group Inc. Purchases New Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Financial Guidance Group Inc. acquired a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 29,250 shares of the investment management company’s stock, valued at approximately $148,000.

Several other institutional investors have also recently made changes to their positions in the company. Merkkuri Wealth Advisors LLC grew its holdings in Oxford Lane Capital by 20.8% in the fourth quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company’s stock valued at $62,000 after purchasing an additional 2,100 shares during the period. Captrust Financial Advisors lifted its position in shares of Oxford Lane Capital by 31.1% during the 3rd quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock valued at $71,000 after buying an additional 3,229 shares in the last quarter. Capital Investment Advisors LLC lifted its position in shares of Oxford Lane Capital by 33.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 14,682 shares of the investment management company’s stock valued at $77,000 after buying an additional 3,682 shares in the last quarter. D.A. Davidson & CO. grew its stake in Oxford Lane Capital by 16.5% in the 3rd quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company’s stock valued at $143,000 after acquiring an additional 3,865 shares during the period. Finally, Sigma Planning Corp increased its holdings in Oxford Lane Capital by 10.2% in the 3rd quarter. Sigma Planning Corp now owns 69,307 shares of the investment management company’s stock worth $363,000 after acquiring an additional 6,390 shares in the last quarter. 6.74% of the stock is owned by hedge funds and other institutional investors.

Oxford Lane Capital Stock Down 0.6 %

OXLC opened at $5.14 on Thursday. The firm’s fifty day simple moving average is $5.13 and its two-hundred day simple moving average is $5.24. Oxford Lane Capital Corp. has a 52-week low of $4.95 and a 52-week high of $5.78. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 6.19 and a beta of 1.16.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.09 per share. The ex-dividend date is Monday, June 16th. This represents a $1.08 annualized dividend and a yield of 21.01%. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 125.30%.

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.