Lewis Asset Management LLC Makes New Investment in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Lewis Asset Management LLC bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the investment management company’s stock, valued at approximately $51,000.

Other institutional investors have also made changes to their positions in the company. Precision Wealth Strategies LLC acquired a new stake in Oxford Lane Capital in the 3rd quarter valued at about $52,000. Marks Wealth LLC acquired a new stake in shares of Oxford Lane Capital in the third quarter valued at approximately $53,000. Merkkuri Wealth Advisors LLC bought a new position in Oxford Lane Capital in the 3rd quarter worth approximately $53,000. National Wealth Management Group LLC acquired a new position in Oxford Lane Capital during the 3rd quarter worth $54,000. Finally, McIlrath & Eck LLC bought a new position in Oxford Lane Capital in the 3rd quarter valued at $55,000. 6.74% of the stock is owned by institutional investors.

Oxford Lane Capital Stock Down 0.4 %

OXLC stock opened at $5.07 on Thursday. Oxford Lane Capital Corp. has a twelve month low of $4.95 and a twelve month high of $5.78. The company has a market cap of $1.75 billion, a P/E ratio of 3.62 and a beta of 1.15. The business has a fifty day moving average of $5.15 and a 200-day moving average of $5.27.

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

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.08 dividend on an annualized basis and a yield of 21.30%. Oxford Lane Capital’s payout ratio is presently 74.29%.

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.