Jump Financial LLC boosted its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 1,460.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 257,801 shares of the investment management company's stock after purchasing an additional 241,275 shares during the quarter. Jump Financial LLC owned about 0.07% of Oxford Lane Capital worth $1,307,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Mariner LLC increased its position in Oxford Lane Capital by 249.9% in the fourth quarter. Mariner LLC now owns 38,053 shares of the investment management company's stock worth $193,000 after purchasing an additional 27,177 shares during the last quarter. TT Capital Management LLC purchased a new stake in shares of Oxford Lane Capital during the 4th quarter valued at about $85,000. Raymond James Financial Inc. bought a new position in shares of Oxford Lane Capital in the 4th quarter valued at about $1,079,000. Titleist Asset Management LLC purchased a new position in Oxford Lane Capital in the fourth quarter worth about $51,000. Finally, Envestnet Asset Management Inc. increased its stake in Oxford Lane Capital by 42.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,163 shares of the investment management company's stock worth $153,000 after acquiring an additional 8,928 shares during the last quarter. Institutional investors own 6.74% of the company's stock.
Oxford Lane Capital Price Performance
Shares of Oxford Lane Capital stock traded up $0.12 on Wednesday, reaching $4.50. The company had a trading volume of 1,388,554 shares, compared to its average volume of 5,071,527. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 5.42 and a beta of 0.84. The firm's 50-day moving average price is $4.72 and its two-hundred day moving average price is $5.03. Oxford Lane Capital Corp. has a 1 year low of $3.91 and a 1 year high of $5.78.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.39).
Oxford Lane Capital Dividend Announcement
The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be given a $0.09 dividend. This represents a yield of 24.43%. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital's dividend payout ratio (DPR) is presently 128.92%.
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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