10,359 Shares in Oxford Lane Capital Corp. (NASDAQ:OXLC) Bought by National Wealth Management Group LLC

National Wealth Management Group LLC purchased a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,359 shares of the investment management company’s stock, valued at approximately $54,000.

Other hedge funds have also modified their holdings of the company. Precision Wealth Strategies LLC purchased a new stake in Oxford Lane Capital in the third quarter valued at approximately $52,000. Marks Wealth LLC purchased a new stake in shares of Oxford Lane Capital in the 3rd quarter valued at $53,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Oxford Lane Capital in the third quarter worth $53,000. Foundations Investment Advisors LLC purchased a new position in shares of Oxford Lane Capital during the third quarter worth $64,000. Finally, Freestate Advisors LLC acquired a new position in Oxford Lane Capital during the third quarter valued at $72,000. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Stock Performance

Shares of OXLC opened at $5.22 on Thursday. The business’s 50-day moving average is $5.26 and its two-hundred day moving average is $5.37. The company has a market capitalization of $1.81 billion, a P/E ratio of 3.73 and a beta of 1.15. Oxford Lane Capital Corp. has a fifty-two week low of $4.82 and a fifty-two week high of $5.78.

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 20.69%. The ex-dividend date of this dividend is Monday, March 17th. Oxford Lane Capital’s dividend payout ratio (DPR) is 72.86%.

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.