Choreo LLC Purchases 135,541 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

Key Points

• Choreo LLC significantly increased its holdings in Oxford Lane Capital Corp. by acquiring 135,541 shares, raising their total ownership by 1,348.8% to 145,590 shares valued at $687,000.
• Oxford Lane Capital recently declared a $0.09 dividend with a yield of 26.67%, payable to investors on July 31st.
• As of the last trading day, Oxford Lane Capital's stock price was $3.62, with a market cap of $1.64 billion and a PE ratio of 4.36.

Choreo LLC increased its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 1,348.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,590 shares of the investment management company's stock after buying an additional 135,541 shares during the quarter. Choreo LLC's holdings in Oxford Lane Capital were worth $687,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of OXLC. SWAN Capital LLC purchased a new stake in Oxford Lane Capital in the fourth quarter worth $30,000. Insigneo Advisory Services LLC bought a new position in Oxford Lane Capital in the 1st quarter worth about $47,000. Quilter Plc bought a new position in Oxford Lane Capital in the 1st quarter worth about $47,000. Cornell Pochily Investment Advisors Inc. bought a new position in Oxford Lane Capital in the 1st quarter worth about $48,000. Finally, Titleist Asset Management LLC bought a new position in Oxford Lane Capital in the 4th quarter worth about $51,000. 6.74% of the stock is currently owned by institutional investors.

Oxford Lane Capital Price Performance

OXLC stock traded down $0.09 during mid-day trading on Wednesday, reaching $3.62. The company had a trading volume of 5,392,618 shares, compared to its average volume of 6,864,764. The company has a market capitalization of $1.64 billion, a PE ratio of 4.36 and a beta of 0.77. The firm has a 50 day moving average of $4.17 and a 200 day moving average of $4.59. Oxford Lane Capital Corp. has a 12 month low of $3.27 and a 12 month high of $5.60.

Oxford Lane Capital Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, July 18th will be given a dividend of $0.09 per share. This represents a dividend yield of 26.67%. The ex-dividend date of this dividend is Thursday, July 17th. Oxford Lane Capital's payout ratio is 140.96%.

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.