Moors & Cabot Inc. Makes New Investment in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Moors & Cabot Inc. acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,000 shares of the investment management company’s stock, valued at approximately $121,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Border to Coast Pensions Partnership Ltd acquired a new position in Oxford Lane Capital during the 3rd quarter worth approximately $7,341,000. Realta Investment Advisors grew its stake in shares of Oxford Lane Capital by 244.8% during the third quarter. Realta Investment Advisors now owns 888,696 shares of the investment management company’s stock worth $4,701,000 after purchasing an additional 630,942 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Oxford Lane Capital by 198.1% in the second quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company’s stock valued at $2,680,000 after buying an additional 328,553 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Oxford Lane Capital in the second quarter valued at $1,708,000. Finally, TrueMark Investments LLC purchased a new stake in Oxford Lane Capital during the 2nd quarter worth about $1,643,000. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Lane Capital Stock Performance

OXLC opened at $5.22 on Monday. The business’s 50-day simple moving average is $5.26 and its 200-day simple moving average is $5.37. The company has a market cap of $1.81 billion, a P/E ratio of 3.73 and a beta of 1.15. Oxford Lane Capital Corp. has a one year low of $4.82 and a one year 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. Stockholders of record on Monday, March 17th will be issued a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 20.69%. The ex-dividend date is Monday, March 17th. Oxford Lane Capital’s payout ratio is 72.86%.

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.