AE Wealth Management LLC Takes Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

AE Wealth Management LLC acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCGet Rating) in the third quarter, Holdings Channel.com reports. The firm acquired 10,781 shares of the investment management company’s stock, valued at approximately $56,000.

Several other hedge funds also recently bought and sold shares of the company. LPL Financial LLC lifted its stake in Oxford Lane Capital by 3.6% in the 2nd quarter. LPL Financial LLC now owns 308,623 shares of the investment management company’s stock worth $1,753,000 after purchasing an additional 10,830 shares in the last quarter. Wiley BROS. Aintree Capital LLC increased its holdings in shares of Oxford Lane Capital by 0.8% in the third quarter. Wiley BROS. Aintree Capital LLC now owns 306,452 shares of the investment management company’s stock worth $1,584,000 after purchasing an additional 2,304 shares during the period. Wedbush Securities Inc. raised its position in shares of Oxford Lane Capital by 37.9% in the third quarter. Wedbush Securities Inc. now owns 302,885 shares of the investment management company’s stock worth $1,566,000 after buying an additional 83,287 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Oxford Lane Capital by 3.1% during the second quarter. Commonwealth Equity Services LLC now owns 286,871 shares of the investment management company’s stock valued at $1,629,000 after buying an additional 8,623 shares during the period. Finally, Virtus ETF Advisers LLC increased its stake in Oxford Lane Capital by 14.2% in the 2nd quarter. Virtus ETF Advisers LLC now owns 176,034 shares of the investment management company’s stock worth $1,000,000 after acquiring an additional 21,908 shares during the last quarter.

Analysts Set New Price Targets

Separately, B. Riley dropped their price target on Oxford Lane Capital from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, October 20th.

Oxford Lane Capital Price Performance

Shares of Oxford Lane Capital stock opened at $5.59 on Friday. Oxford Lane Capital Corp. has a 1 year low of $4.83 and a 1 year high of $8.41. The firm has a market cap of $874.28 million and a PE ratio of 6.01. The company has a 50 day simple moving average of $5.23 and a two-hundred day simple moving average of $5.58.

Oxford Lane Capital (NASDAQ:OXLCGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The investment management company reported $0.33 earnings per share for the quarter. The company had revenue of $64.70 million for the quarter.

Oxford Lane Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 28th. Investors of record on Tuesday, February 14th will be issued a dividend of $0.075 per share. The ex-dividend date is Monday, February 13th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 16.10%. Oxford Lane Capital’s dividend payout ratio is 96.77%.

About Oxford Lane Capital

(Get Rating)

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.

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Institutional Ownership by Quarter for Oxford Lane Capital (NASDAQ:OXLC)

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