Partners Wealth Management LLC Has $220,000 Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Partners Wealth Management LLC boosted its position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 14.7% in the first quarter, Holdings Channel reports. The firm owned 46,702 shares of the investment management company’s stock after purchasing an additional 6,000 shares during the period. Partners Wealth Management LLC’s holdings in Oxford Lane Capital were worth $220,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Wedbush Securities Inc. grew its holdings in Oxford Lane Capital by 10.0% during the fourth quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company’s stock valued at $6,043,000 after purchasing an additional 107,951 shares during the period. TrueMark Investments LLC grew its holdings in Oxford Lane Capital by 88.5% during the fourth quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company’s stock valued at $5,060,000 after purchasing an additional 468,696 shares during the period. Citadel Advisors LLC grew its holdings in Oxford Lane Capital by 333.5% during the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock valued at $4,874,000 after purchasing an additional 739,506 shares during the period. LPL Financial LLC grew its holdings in Oxford Lane Capital by 42.7% during the fourth quarter. LPL Financial LLC now owns 897,345 shares of the investment management company’s stock valued at $4,550,000 after purchasing an additional 268,631 shares during the period. Finally, Jane Street Group LLC grew its holdings in Oxford Lane Capital by 905.9% during the fourth quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company’s stock valued at $2,379,000 after purchasing an additional 422,593 shares during the period. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

Shares of OXLC opened at $4.37 on Friday. Oxford Lane Capital Corp. has a twelve month low of $3.91 and a twelve month high of $5.68. The firm’s 50 day moving average price is $4.56 and its two-hundred day moving average price is $4.85. The firm has a market cap of $1.98 billion, a P/E ratio of 5.27 and a beta of 0.81.

Oxford Lane Capital Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a $0.09 dividend. This represents a yield of 24.43%. The ex-dividend date of this dividend was Wednesday, April 16th. Oxford Lane Capital’s payout ratio is currently 130.12%.

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.