Geneos Wealth Management Inc. Purchases 23,308 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

Geneos Wealth Management Inc. raised its position in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 527,200 shares of the investment management company’s stock after buying an additional 23,308 shares during the quarter. Geneos Wealth Management Inc. owned about 0.15% of Oxford Lane Capital worth $2,673,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors lifted its stake in Oxford Lane Capital by 31.1% during the third quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock worth $71,000 after purchasing an additional 3,229 shares during the last quarter. Capital Investment Advisors LLC lifted its position in shares of Oxford Lane Capital by 33.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 14,682 shares of the investment management company’s stock worth $77,000 after buying an additional 3,682 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Oxford Lane Capital by 16.5% in the third quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company’s stock valued at $143,000 after buying an additional 3,865 shares in the last quarter. Sage Capital Advisors llc grew its position in Oxford Lane Capital by 6.3% in the third quarter. Sage Capital Advisors llc now owns 85,082 shares of the investment management company’s stock valued at $446,000 after acquiring an additional 5,030 shares during the last quarter. Finally, Sigma Planning Corp raised its stake in Oxford Lane Capital by 10.2% during the third quarter. Sigma Planning Corp now owns 69,307 shares of the investment management company’s stock worth $363,000 after acquiring an additional 6,390 shares in the last quarter. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Trading Up 0.6 %

Shares of Oxford Lane Capital stock opened at $5.12 on Friday. The firm has a market capitalization of $1.77 billion, a PE ratio of 3.66 and a beta of 1.15. The firm’s 50 day moving average is $5.16 and its 200 day moving average is $5.28. Oxford Lane Capital Corp. has a 1 year low of $4.95 and a 1 year high of $5.78.

Oxford Lane Capital Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 20th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a yield of 21.26%. Oxford Lane Capital’s payout ratio is presently 74.29%.

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.