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

Border to Coast Pensions Partnership Ltd raised its position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 18.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,200,000 shares of the investment management company's stock after purchasing an additional 350,000 shares during the period. Border to Coast Pensions Partnership Ltd owned approximately 0.64% of Oxford Lane Capital worth $10,384,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OXLC. SWAN Capital LLC bought a new position in Oxford Lane Capital during the 4th quarter worth approximately $30,000. Insigneo Advisory Services LLC purchased a new position in shares of Oxford Lane Capital in the first quarter valued at about $47,000. Cornell Pochily Investment Advisors Inc. bought a new position in shares of Oxford Lane Capital during the first quarter valued at about $48,000. Titleist Asset Management LLC purchased a new stake in shares of Oxford Lane Capital during the fourth quarter worth about $51,000. Finally, Stifel Financial Corp purchased a new stake in shares of Oxford Lane Capital during the fourth quarter worth about $54,000. Institutional investors own 6.74% of the company's stock.

Oxford Lane Capital Stock Up 1.4%

Shares of OXLC traded up $0.06 during mid-day trading on Monday, hitting $4.20. 5,046,402 shares of the company's stock traded hands, compared to its average volume of 5,387,774. The business's 50-day moving average price is $4.48 and its 200-day moving average price is $4.77. Oxford Lane Capital Corp. has a 1 year low of $3.91 and a 1 year high of $5.68. The firm has a market capitalization of $1.90 billion, a P/E ratio of 5.06 and a beta of 0.81.

Oxford Lane Capital Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a dividend yield of 24.43%. Oxford Lane Capital's dividend payout ratio (DPR) is 130.12%.

About Oxford Lane Capital

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.