Oxford Lane Capital Corp. (NASDAQ:OXLC) Director Mark Jeffrey Ashenfelter Purchases 6,000 Shares

Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Rating) Director Mark Jeffrey Ashenfelter bought 6,000 shares of the stock in a transaction on Friday, March 10th. The stock was purchased at an average cost of $5.18 per share, for a total transaction of $31,080.00. Following the acquisition, the director now owns 30,000 shares of the company’s stock, valued at approximately $155,400. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Oxford Lane Capital Stock Performance

OXLC stock opened at $5.13 on Tuesday. Oxford Lane Capital Corp. has a fifty-two week low of $4.83 and a fifty-two week high of $7.32. The business’s 50-day moving average is $5.70 and its two-hundred day moving average is $5.46. The company has a market cap of $802.33 million, a price-to-earnings ratio of 4.35 and a beta of 1.15.

Oxford Lane Capital (NASDAQ:OXLC – Get Rating) last posted its earnings results on Friday, January 27th. The investment management company reported $0.31 earnings per share for the quarter. The firm had revenue of $67.60 million during the quarter.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be paid a $0.075 dividend. This represents a $0.90 annualized dividend and a dividend yield of 17.54%. The ex-dividend date of this dividend is Thursday, June 15th. Oxford Lane Capital’s dividend payout ratio (DPR) is currently 76.27%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC raised its stake in shares of Oxford Lane Capital by 16.7% in the third quarter. CIBC Private Wealth Group LLC now owns 14,000 shares of the investment management company’s stock worth $72,000 after buying an additional 2,000 shares during the period. Prospera Financial Services Inc raised its stake in shares of Oxford Lane Capital by 14.6% in the third quarter. Prospera Financial Services Inc now owns 16,705 shares of the investment management company’s stock worth $86,000 after buying an additional 2,133 shares during the period. Wiley BROS. Aintree Capital LLC raised its stake 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 buying an additional 2,304 shares during the period. All Season Financial Advisors Inc. raised its stake in shares of Oxford Lane Capital by 4.7% in the third quarter. All Season Financial Advisors Inc. now owns 53,925 shares of the investment management company’s stock worth $279,000 after buying an additional 2,409 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Oxford Lane Capital by 12.7% in the fourth quarter. Wells Fargo & Company MN now owns 25,082 shares of the investment management company’s stock worth $127,000 after buying an additional 2,830 shares during the period. Institutional investors own 4.39% of the company’s stock.

About Oxford Lane Capital

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Oxford Lane Capital is an investment company that invests primarily in debt and equity tranches of CLO vehicles.