Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $99,000 Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 16.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,184 shares of the investment management company’s stock after buying an additional 3,045 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Oxford Lane Capital were worth $99,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of OXLC. SWAN Capital LLC bought a new position in shares of Oxford Lane Capital in the fourth quarter worth about $30,000. Titleist Asset Management LLC acquired a new stake in shares of Oxford Lane Capital during the 4th quarter worth approximately $51,000. Insigneo Advisory Services LLC acquired a new stake in Oxford Lane Capital during the first quarter worth $47,000. Cornell Pochily Investment Advisors Inc. acquired a new position in Oxford Lane Capital in the first quarter worth about $48,000. Finally, Stifel Financial Corp acquired a new position in shares of Oxford Lane Capital in the 4th quarter worth approximately $54,000. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Down 0.7%

NASDAQ:OXLC opened at $4.08 on Friday. The firm has a market cap of $1.85 billion, a PE ratio of 4.92 and a beta of 0.81. The company’s 50-day moving average price is $4.52 and its two-hundred day moving average price is $4.81. Oxford Lane Capital Corp. has a 12 month low of $3.91 and a 12 month high of $5.68.

Oxford Lane Capital Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, July 17th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 130.12%.

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.