Delphi Financial Group Inc. Has $2.52 Million Stock Holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Delphi Financial Group Inc. increased its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 36.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 480,221 shares of the investment management company's stock after purchasing an additional 129,184 shares during the period. Oxford Lane Capital makes up 1.4% of Delphi Financial Group Inc.'s holdings, making the stock its 13th biggest holding. Delphi Financial Group Inc. owned 0.15% of Oxford Lane Capital worth $2,516,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of OXLC. Border to Coast Pensions Partnership Ltd bought a new stake in Oxford Lane Capital during the third quarter worth $7,341,000. Realta Investment Advisors lifted its position in shares of Oxford Lane Capital by 244.8% during the 3rd quarter. Realta Investment Advisors now owns 888,696 shares of the investment management company's stock worth $4,701,000 after buying an additional 630,942 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Oxford Lane Capital by 198.1% in the second quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company's stock valued at $2,680,000 after buying an additional 328,553 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Oxford Lane Capital in the second quarter valued at about $1,708,000. Finally, TrueMark Investments LLC acquired a new position in Oxford Lane Capital during the second quarter worth about $1,643,000. Institutional investors and hedge funds own 6.74% of the company's stock.

Oxford Lane Capital Stock Performance

Shares of OXLC traded up $0.07 during mid-day trading on Friday, reaching $5.45. The company had a trading volume of 3,168,172 shares, compared to its average volume of 3,232,259. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 3.89 and a beta of 1.15. The company's 50 day simple moving average is $5.27 and its 200 day simple moving average is $5.35. Oxford Lane Capital Corp. has a 1-year low of $4.82 and a 1-year high of $5.78.

Oxford Lane Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders 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 19.82%. Oxford Lane Capital's payout ratio is presently 72.14%.

Oxford Lane Capital Company 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.