100,000 Shares in Oxford Lane Capital Corp. $OXLC Purchased by Simplify Asset Management Inc.

by · The Markets Daily

Simplify Asset Management Inc. purchased a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCFree Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 100,000 shares of the investment management company’s stock, valued at approximately $978,000.

Several other institutional investors also recently bought and sold shares of the business. Integrated Wealth Concepts LLC raised its stake in shares of Oxford Lane Capital by 70.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 31,136 shares of the investment management company’s stock worth $147,000 after buying an additional 12,873 shares during the period. NewEdge Advisors LLC grew its stake in Oxford Lane Capital by 17.9% in the 1st quarter. NewEdge Advisors LLC now owns 29,326 shares of the investment management company’s stock valued at $138,000 after acquiring an additional 4,462 shares during the period. Cetera Investment Advisers grew its stake in Oxford Lane Capital by 18.3% in the 2nd quarter. Cetera Investment Advisers now owns 132,074 shares of the investment management company’s stock valued at $555,000 after acquiring an additional 20,411 shares during the period. XTX Topco Ltd purchased a new stake in Oxford Lane Capital in the 2nd quarter worth $69,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Oxford Lane Capital by 25.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 20,000 shares of the investment management company’s stock worth $84,000 after acquiring an additional 4,000 shares in the last quarter. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Stock Performance

NASDAQ:OXLC opened at $8.81 on Friday. The company has a fifty day moving average of $9.49 and a two-hundred day moving average of $10.69. The stock has a market capitalization of $798.51 million, a PE ratio of 1.36 and a beta of 0.63. Oxford Lane Capital Corp. has a fifty-two week low of $8.01 and a fifty-two week high of $21.15.

Oxford Lane Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 27.2%. Oxford Lane Capital’s payout ratio is currently 63.47%.

Oxford Lane Capital Profile

(Free Report)

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.

Featured Stories

Want to see what other hedge funds are holding OXLC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oxford Lane Capital Corp. (NASDAQ:OXLCFree Report).