Border to Coast Pensions Partnership Ltd acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,405,000 shares of the investment management company's stock, valued at approximately $7,341,000. Border to Coast Pensions Partnership Ltd owned 0.59% of Oxford Lane Capital at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of OXLC. B. Riley Wealth Advisors Inc. boosted its holdings in Oxford Lane Capital by 14.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 57,689 shares of the investment management company's stock valued at $285,000 after purchasing an additional 7,469 shares during the period. Nomura Holdings Inc. acquired a new stake in Oxford Lane Capital during the fourth quarter worth about $96,000. Park Avenue Securities LLC increased its stake in Oxford Lane Capital by 88.2% during the first quarter. Park Avenue Securities LLC now owns 37,579 shares of the investment management company's stock valued at $191,000 after acquiring an additional 17,608 shares during the period. Hartline Investment Corp acquired a new position in Oxford Lane Capital in the 1st quarter valued at approximately $74,000. Finally, J.W. Cole Advisors Inc. lifted its position in shares of Oxford Lane Capital by 66.6% in the 1st quarter. J.W. Cole Advisors Inc. now owns 53,223 shares of the investment management company's stock worth $270,000 after acquiring an additional 21,272 shares during the period. Institutional investors and hedge funds own 6.74% of the company's stock.
Oxford Lane Capital Price Performance
Shares of OXLC traded up $0.03 on Monday, reaching $5.22. 3,284,798 shares of the stock traded hands, compared to its average volume of 3,279,421. The stock's 50-day moving average price is $5.28 and its 200-day moving average price is $5.33. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 5.17 and a beta of 1.15. Oxford Lane Capital Corp. has a 12 month low of $4.41 and a 12 month high of $5.78.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last announced its quarterly earnings data on Friday, July 26th. The investment management company reported $0.41 earnings per share (EPS) for the quarter. The business had revenue of $89.80 million during the quarter.
Oxford Lane Capital Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be issued a dividend of $0.09 per share. This represents a yield of 20.73%. The ex-dividend date of this dividend is Thursday, October 17th. Oxford Lane Capital's payout ratio is 100.00%.
Oxford Lane Capital Profile
(
Free Report)
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.
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