Rockefeller Capital Management L.P. Makes New Investment in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Rockefeller Capital Management L.P. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 148,251 shares of the investment management company's stock, valued at approximately $777,000.

A number of other institutional investors have also made changes to their positions in OXLC. Precision Wealth Strategies LLC purchased a new position in Oxford Lane Capital during the 3rd quarter valued at about $52,000. Marks Wealth LLC purchased a new position in shares of Oxford Lane Capital in the third quarter valued at approximately $53,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of Oxford Lane Capital in the third quarter valued at approximately $53,000. National Wealth Management Group LLC purchased a new stake in Oxford Lane Capital during the 3rd quarter worth approximately $54,000. Finally, Foundations Investment Advisors LLC acquired a new stake in Oxford Lane Capital during the 3rd quarter worth approximately $64,000. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Stock Down 0.2 %

Oxford Lane Capital stock traded down $0.01 during mid-day trading on Tuesday, reaching $5.23. 3,593,988 shares of the company's stock were exchanged, compared to its average volume of 3,368,605. Oxford Lane Capital Corp. has a twelve month low of $4.82 and a twelve month high of $5.78. The company has a fifty day moving average of $5.27 and a 200-day moving average of $5.36. The company has a market cap of $1.81 billion, a P/E ratio of 3.74 and a beta of 1.15.

Oxford Lane Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.08 dividend on an annualized basis and a yield of 20.65%. Oxford Lane Capital's dividend payout ratio (DPR) is presently 72.86%.

Oxford Lane Capital 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.