TrueMark Investments LLC Has $5.06 Million Holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC)

TrueMark Investments LLC lifted its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 88.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 998,125 shares of the investment management company's stock after purchasing an additional 468,696 shares during the quarter. Oxford Lane Capital comprises about 1.6% of TrueMark Investments LLC's investment portfolio, making the stock its 20th largest holding. TrueMark Investments LLC owned 0.29% of Oxford Lane Capital worth $5,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of OXLC. LPL Financial LLC raised its holdings in Oxford Lane Capital by 42.7% during the fourth quarter. LPL Financial LLC now owns 897,345 shares of the investment management company's stock worth $4,550,000 after purchasing an additional 268,631 shares in the last quarter. Samalin Investment Counsel LLC raised its stake in shares of Oxford Lane Capital by 9.7% in the 4th quarter. Samalin Investment Counsel LLC now owns 183,518 shares of the investment management company's stock worth $930,000 after buying an additional 16,181 shares in the last quarter. Evoke Wealth LLC acquired a new stake in shares of Oxford Lane Capital in the fourth quarter valued at $100,000. Founders Financial Alliance LLC lifted its holdings in shares of Oxford Lane Capital by 6.2% in the fourth quarter. Founders Financial Alliance LLC now owns 201,464 shares of the investment management company's stock valued at $1,021,000 after buying an additional 11,738 shares during the period. Finally, Independent Advisor Alliance bought a new position in Oxford Lane Capital during the fourth quarter valued at about $70,000. Institutional investors and hedge funds own 6.74% of the company's stock.

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Oxford Lane Capital Stock Down 0.2 %

Oxford Lane Capital stock traded down $0.01 during midday trading on Friday, hitting $4.65. The company's stock had a trading volume of 3,111,013 shares, compared to its average volume of 4,718,820. Oxford Lane Capital Corp. has a 12 month low of $4.01 and a 12 month high of $5.78. The stock's 50-day moving average price is $4.95 and its 200-day moving average price is $5.13. The company has a market capitalization of $1.61 billion, a PE ratio of 5.60 and a beta of 1.17.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last released its earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 23.23%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital's payout ratio is 127.71%.

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.