Arlington Capital Management Inc. Acquires 17,658 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

Arlington Capital Management Inc. grew its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,199 shares of the investment management company’s stock after purchasing an additional 17,658 shares during the quarter. Arlington Capital Management Inc.’s holdings in Oxford Lane Capital were worth $919,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of OXLC. Lewis Asset Management LLC bought a new position in Oxford Lane Capital during the 4th quarter valued at $51,000. Walkner Condon Financial Advisors LLC bought a new position in shares of Oxford Lane Capital during the fourth quarter valued at about $51,000. Choreo LLC bought a new stake in Oxford Lane Capital in the 4th quarter worth about $51,000. National Wealth Management Group LLC purchased a new stake in Oxford Lane Capital in the 3rd quarter valued at about $54,000. Finally, McIlrath & Eck LLC bought a new position in shares of Oxford Lane Capital during the 3rd quarter worth approximately $55,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Up 1.3 %

Shares of NASDAQ OXLC opened at $4.66 on Wednesday. The company has a market capitalization of $1.61 billion, a PE ratio of 5.61 and a beta of 1.17. The stock’s 50 day moving average price is $4.98 and its 200-day moving average price is $5.14. Oxford Lane Capital Corp. has a twelve month low of $4.01 and a twelve month high of $5.78.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.39).

Oxford Lane Capital Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital’s payout ratio is 127.71%.

About Oxford Lane Capital

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.