Precision Wealth Strategies LLC Takes Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Precision Wealth Strategies LLC purchased a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the investment management company’s stock, valued at approximately $52,000.

A number of other hedge funds also recently bought and sold shares of the business. Border to Coast Pensions Partnership Ltd purchased a new position in Oxford Lane Capital during the 3rd quarter valued at about $7,341,000. Wedbush Securities Inc. increased its holdings in Oxford Lane Capital by 36.4% during the 2nd quarter. Wedbush Securities Inc. now owns 1,016,222 shares of the investment management company’s stock valued at $5,508,000 after purchasing an additional 271,369 shares during the period. Geneos Wealth Management Inc. increased its holdings in Oxford Lane Capital by 198.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company’s stock valued at $2,680,000 after purchasing an additional 328,553 shares during the period. Commonwealth Equity Services LLC increased its holdings in Oxford Lane Capital by 8.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 350,516 shares of the investment management company’s stock valued at $1,900,000 after purchasing an additional 26,053 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Oxford Lane Capital during the 2nd quarter valued at about $1,708,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Price Performance

Shares of NASDAQ:OXLC opened at $5.22 on Tuesday. Oxford Lane Capital Corp. has a 1 year low of $4.41 and a 1 year high of $5.78. The company has a market cap of $1.25 billion, a PE ratio of 5.17 and a beta of 1.15. The stock’s 50-day moving average is $5.28 and its 200 day moving average is $5.33.

Oxford Lane Capital (NASDAQ:OXLC) last posted its earnings results on Friday, July 26th. The investment management company reported $0.41 earnings per share for the quarter. The firm had revenue of $89.80 million for the quarter.

Oxford Lane Capital Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a dividend yield of 20.73%. Oxford Lane Capital’s dividend payout ratio (DPR) is 100.00%.

Oxford Lane Capital Company 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.