Andina Capital Management LLC Invests $224,000 in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Andina Capital Management LLC bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 45,426 shares of the investment management company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in OXLC. GPS Wealth Strategies Group LLC boosted its position in shares of Oxford Lane Capital by 57.2% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 8,242 shares of the investment management company’s stock valued at $41,000 after purchasing an additional 3,000 shares in the last quarter. Allworth Financial LP bought a new stake in Oxford Lane Capital during the fourth quarter worth $46,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Oxford Lane Capital in the third quarter valued at about $60,000. Choreo LLC bought a new stake in Oxford Lane Capital in the 4th quarter worth about $61,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Oxford Lane Capital by 53.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,419 shares of the investment management company’s stock valued at $81,000 after acquiring an additional 5,725 shares during the last quarter. 6.74% of the stock is owned by institutional investors.

Oxford Lane Capital Stock Up 1.4 %

OXLC traded up $0.07 during trading on Wednesday, hitting $5.06. 1,162,726 shares of the company traded hands, compared to its average volume of 2,009,131. The firm has a market cap of $791.38 million, a P/E ratio of 5.00 and a beta of 1.17. The stock’s fifty day moving average is $5.07 and its 200 day moving average is $5.03. Oxford Lane Capital Corp. has a one year low of $4.41 and a one year high of $5.70.

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.