Maia Wealth LLC Purchases Shares of 16,862 Oxford Lane Capital Corp. (NASDAQ:OXLC)

Maia Wealth LLC acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) during the 2nd quarter, Holdings Channel reports. The firm acquired 16,862 shares of the investment management company’s stock, valued at approximately $95,000.

A number of other hedge funds have also recently made changes to their positions in OXLC. Tower Research Capital LLC TRC lifted its holdings in Oxford Lane Capital by 433.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,550 shares of the investment management company’s stock worth $32,000 after purchasing an additional 5,321 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Oxford Lane Capital in the fourth quarter worth $46,000. First Horizon Advisors Inc. bought a new position in shares of Oxford Lane Capital during the fourth quarter worth $49,000. Choreo LLC purchased a new position in Oxford Lane Capital during the fourth quarter valued at $61,000. Finally, Foundations Investment Advisors LLC bought a new stake in Oxford Lane Capital in the 4th quarter valued at $75,000. Institutional investors own 6.74% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jonathan H. Cohen bought 4,630,000 shares of the stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average cost of $5.40 per share, for a total transaction of $25,002,000.00. Following the transaction, the chief executive officer now owns 4,864,728 shares of the company’s stock, valued at $26,269,531.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, President Saul B. Rosenthal acquired 2,315,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were acquired at an average price of $5.40 per share, for a total transaction of $12,501,000.00. Following the completion of the transaction, the president now directly owns 2,514,887 shares of the company’s stock, valued at approximately $13,580,389.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jonathan H. Cohen purchased 4,630,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average cost of $5.40 per share, with a total value of $25,002,000.00. Following the completion of the purchase, the chief executive officer now owns 4,864,728 shares in the company, valued at approximately $26,269,531.20. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company’s stock.

Oxford Lane Capital Stock Performance

Shares of OXLC traded down $0.02 during midday trading on Wednesday, hitting $5.43. 305,945 shares of the company traded hands, compared to its average volume of 3,071,576. Oxford Lane Capital Corp. has a 52 week low of $4.41 and a 52 week high of $5.78. The firm has a 50 day moving average of $5.51 and a 200-day moving average of $5.29. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 5.40 and a beta of 1.17.

Oxford Lane Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 19.89%. The ex-dividend date is Tuesday, December 17th. Oxford Lane Capital’s dividend payout ratio is presently 97.03%.

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.