14,925 Shares in Oxford Lane Capital Corp. (NASDAQ:OXLC) Bought by Arete Wealth Advisors LLC

Posted by Defense World Staff on Jul 25th, 2023

Arete Wealth Advisors LLC acquired a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,925 shares of the investment management company’s stock, valued at approximately $78,058,000,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Money Concepts Capital Corp bought a new stake in Oxford Lane Capital during the fourth quarter valued at about $34,000. CoreCap Advisors LLC purchased a new stake in shares of Oxford Lane Capital in the fourth quarter valued at about $45,000. Cetera Advisor Networks LLC acquired a new stake in shares of Oxford Lane Capital in the fourth quarter valued at approximately $53,000. Raymond James Financial Services Advisors Inc. purchased a new position in Oxford Lane Capital during the first quarter worth approximately $57,000. Finally, Belpointe Asset Management LLC acquired a new position in Oxford Lane Capital during the 4th quarter worth $60,000. Hedge funds and other institutional investors own 6.55% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley reduced their target price on shares of Oxford Lane Capital from $7.00 to $6.00 in a research note on Tuesday, June 6th.

Oxford Lane Capital Stock Performance

Shares of OXLC opened at $5.32 on Tuesday. The firm has a market cap of $832.05 million, a P/E ratio of 4.51 and a beta of 1.12. The business has a 50-day moving average of $5.03 and a 200 day moving average of $5.31. Oxford Lane Capital Corp. has a fifty-two week low of $4.76 and a fifty-two week high of $6.79.

Oxford Lane Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 18.05%. The ex-dividend date is Wednesday, August 16th. Oxford Lane Capital’s payout ratio is presently 81.36%.

About Oxford Lane Capital

(Free Report)

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.