Integrated Wealth Concepts LLC Makes New $93,000 Investment in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Integrated Wealth Concepts LLC acquired a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 18,263 shares of the investment management company’s stock, valued at approximately $93,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Merkkuri Wealth Advisors LLC lifted its stake in Oxford Lane Capital by 20.8% during the fourth quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company’s stock worth $62,000 after purchasing an additional 2,100 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Oxford Lane Capital by 5.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,910 shares of the investment management company’s stock valued at $304,000 after buying an additional 3,125 shares in the last quarter. Silverleafe Capital Partners LLC boosted its stake in Oxford Lane Capital by 28.7% in the fourth quarter. Silverleafe Capital Partners LLC now owns 39,513 shares of the investment management company’s stock worth $200,000 after buying an additional 8,820 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Oxford Lane Capital by 42.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,163 shares of the investment management company’s stock valued at $153,000 after acquiring an additional 8,928 shares during the last quarter. Finally, Lewis Asset Management LLC purchased a new position in shares of Oxford Lane Capital during the fourth quarter worth approximately $51,000. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Lane Capital Stock Performance

Shares of Oxford Lane Capital stock opened at $4.68 on Tuesday. Oxford Lane Capital Corp. has a 52-week low of $3.91 and a 52-week high of $5.78. The company has a fifty day moving average of $4.64 and a 200-day moving average of $4.99. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 5.64 and a beta of 0.75.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a dividend yield of 24.43%. Oxford Lane Capital’s dividend payout ratio is currently 128.92%.

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.