19,687 Shares in Oxford Lane Capital Corp. (NASDAQ:OXLC) Acquired by Evoke Wealth LLC

Evoke Wealth LLC purchased a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 19,687 shares of the investment management company’s stock, valued at approximately $100,000.

Several other institutional investors and hedge funds have also bought and sold shares of OXLC. Lewis Asset Management LLC bought a new position in Oxford Lane Capital during the 4th quarter worth approximately $51,000. Walkner Condon Financial Advisors LLC bought a new position in Oxford Lane Capital during the 4th quarter worth approximately $51,000. Choreo LLC bought a new position in Oxford Lane Capital during the 4th quarter worth approximately $51,000. National Wealth Management Group LLC bought a new position in Oxford Lane Capital during the 3rd quarter worth approximately $54,000. Finally, McIlrath & Eck LLC bought a new position in Oxford Lane Capital during the 3rd quarter worth approximately $55,000. 6.74% of the stock is currently owned by institutional investors.

Oxford Lane Capital Price Performance

OXLC opened at $4.30 on Thursday. The stock’s 50 day simple moving average is $5.03 and its 200 day simple moving average is $5.16. Oxford Lane Capital Corp. has a 1 year low of $4.01 and a 1 year high of $5.78. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 5.18 and a beta of 1.17.

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

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital’s dividend payout ratio is currently 126.51%.

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.