Border to Coast Pensions Partnership Ltd Increases Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Border to Coast Pensions Partnership Ltd grew its position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 31.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,850,000 shares of the investment management company's stock after purchasing an additional 445,000 shares during the quarter. Border to Coast Pensions Partnership Ltd owned approximately 0.53% of Oxford Lane Capital worth $9,373,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in OXLC. Precision Wealth Strategies LLC purchased a new stake in shares of Oxford Lane Capital in the third quarter valued at approximately $52,000. Marks Wealth LLC acquired a new stake in Oxford Lane Capital in the 3rd quarter valued at $53,000. Merkkuri Wealth Advisors LLC purchased a new stake in Oxford Lane Capital in the 3rd quarter worth $53,000. National Wealth Management Group LLC acquired a new position in Oxford Lane Capital during the third quarter worth $54,000. Finally, McIlrath & Eck LLC purchased a new position in Oxford Lane Capital during the third quarter valued at $55,000. 6.74% of the stock is owned by hedge funds and other institutional investors.

Oxford Lane Capital Stock Down 1.4 %

Shares of NASDAQ OXLC traded down $0.07 during trading on Friday, hitting $5.08. The company had a trading volume of 4,219,502 shares, compared to its average volume of 5,149,551. Oxford Lane Capital Corp. has a fifty-two week low of $4.95 and a fifty-two week high of $5.78. The stock has a fifty day simple moving average of $5.18 and a two-hundred day simple moving average of $5.30. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 3.63 and a beta of 1.15.

Oxford Lane Capital Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 20th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a dividend yield of 21.26%. Oxford Lane Capital's payout ratio is currently 73.57%.

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.