Belpointe Asset Management LLC bought a new stake in shares of Oxford Lane Capital Corp (NASDAQ:OXLC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,939 shares of the investment management company’s stock, valued at approximately $163,000. Belpointe Asset Management LLC owned approximately 0.07% of Oxford Lane Capital at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of Oxford Lane Capital by 29.4% during the 1st quarter. Bank of America Corp DE now owns 12,770 shares of the investment management company’s stock valued at $142,000 after purchasing an additional 2,904 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Oxford Lane Capital during the 3rd quarter valued at approximately $147,000. GSA Capital Partners LLP increased its holdings in shares of Oxford Lane Capital by 66.1% during the 2nd quarter. GSA Capital Partners LLP now owns 18,600 shares of the investment management company’s stock valued at $184,000 after purchasing an additional 7,400 shares in the last quarter. Nine Chapters Capital Management LLC purchased a new position in shares of Oxford Lane Capital during the 3rd quarter valued at approximately $241,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Oxford Lane Capital in the 2nd quarter worth $263,000.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Oxford Lane Capital from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $11.00 price target (up previously from $10.25) on shares of Oxford Lane Capital in a report on Thursday, October 5th.

Shares of Oxford Lane Capital Corp (NASDAQ:OXLC) opened at $9.16 on Tuesday. Oxford Lane Capital Corp has a 1-year low of $9.11 and a 1-year high of $11.65.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 17.47%. The ex-dividend date of this dividend is Thursday, December 14th. Oxford Lane Capital’s payout ratio is presently 116.79%.

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About Oxford Lane Capital

Oxford Lane Capital Corp. is a non-diversified closed-end management investment company. The Fund’s investment objective is to maximize its portfolio’s risk adjusted total return and seeks to achieve its investment objective by investing in structured finance investments, specifically collateralized loan obligation (CLO) vehicles, which primarily own senior corporate debt securities.

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Institutional Ownership by Quarter for Oxford Lane Capital (NASDAQ:OXLC)

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