Delphi Financial Group Inc. Has $2.82 Million Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Key Points

• Delphi Financial Group Inc. increased its stake in Oxford Lane Capital Corp. by 33.7% in the first quarter, acquiring an additional 150,553 shares, bringing its total to 596,687 shares.
• Oxford Lane Capital announced a dividend of $0.09 per share, with a remarkable yield of 2,667.0% and a payout ratio of 140.96%.
• The company has a market cap of $1.47 billion, a PE ratio of 3.90, and shares trading between $3.18 and $5.57 over the past year.

Delphi Financial Group Inc. increased its position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 33.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 596,687 shares of the investment management company's stock after buying an additional 150,553 shares during the period. Oxford Lane Capital accounts for approximately 1.7% of Delphi Financial Group Inc.'s investment portfolio, making the stock its 13th biggest position. Delphi Financial Group Inc. owned approximately 0.17% of Oxford Lane Capital worth $2,816,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. SWAN Capital LLC bought a new stake in Oxford Lane Capital during the fourth quarter worth about $30,000. US Bancorp DE increased its stake in shares of Oxford Lane Capital by 106.1% in the first quarter. US Bancorp DE now owns 6,300 shares of the investment management company's stock valued at $30,000 after buying an additional 3,243 shares during the period. Insigneo Advisory Services LLC acquired a new position in shares of Oxford Lane Capital in the first quarter valued at approximately $47,000. Quilter Plc acquired a new stake in Oxford Lane Capital during the 1st quarter valued at approximately $47,000. Finally, Cornell Pochily Investment Advisors Inc. acquired a new stake in Oxford Lane Capital during the 1st quarter valued at approximately $48,000. Institutional investors and hedge funds own 6.74% of the company's stock.

Oxford Lane Capital Trading Up 3.3%

NASDAQ:OXLC traded up $0.12 on Tuesday, reaching $3.56. 5,740,106 shares of the stock traded hands, compared to its average volume of 6,955,806. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 4.28 and a beta of 0.76. Oxford Lane Capital Corp. has a 1-year low of $3.18 and a 1-year high of $5.55. The company's 50 day moving average is $4.00 and its 200-day moving average is $4.49.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 18th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, July 17th. This represents a dividend yield of 2,667.0%. Oxford Lane Capital's dividend payout ratio (DPR) 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.