Delphi Financial Group Inc. Purchases 150,553 Shares of 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. grew its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 33.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 596,687 shares of the investment management company's stock after purchasing an additional 150,553 shares during the period. Oxford Lane Capital comprises about 1.7% of Delphi Financial Group Inc.'s holdings, making the stock its 13th biggest holding. Delphi Financial Group Inc. owned 0.17% of Oxford Lane Capital worth $2,816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Citadel Advisors LLC increased its position in Oxford Lane Capital by 333.5% in the 4th quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company's stock worth $4,874,000 after purchasing an additional 739,506 shares during the last quarter. Jane Street Group LLC increased its position in Oxford Lane Capital by 905.9% in the 4th quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company's stock worth $2,379,000 after purchasing an additional 422,593 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of Oxford Lane Capital by 130.5% during the 1st quarter. J.W. Cole Advisors Inc. now owns 659,970 shares of the investment management company's stock valued at $3,115,000 after acquiring an additional 373,710 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Oxford Lane Capital by 41.0% during the 1st quarter. LPL Financial LLC now owns 1,264,958 shares of the investment management company's stock valued at $5,971,000 after acquiring an additional 367,613 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd increased its holdings in shares of Oxford Lane Capital by 18.9% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 2,200,000 shares of the investment management company's stock valued at $10,384,000 after acquiring an additional 350,000 shares during the last quarter. 6.74% of the stock is owned by hedge funds and other institutional investors.

Oxford Lane Capital Stock Performance

Shares of NASDAQ OXLC traded up $0.08 during mid-day trading on Friday, reaching $3.32. 9,471,312 shares of the company traded hands, compared to its average volume of 6,961,319. The stock has a market cap of $1.50 billion, a PE ratio of 4.00 and a beta of 0.76. The company's fifty day moving average is $4.02 and its two-hundred day moving average is $4.51. Oxford Lane Capital Corp. has a fifty-two week low of $3.18 and a fifty-two week high of $5.57.

Oxford Lane Capital Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 18th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, July 17th. This represents a yield of 2,667.0%. Oxford Lane Capital's dividend payout ratio (DPR) is 140.96%.

Oxford Lane Capital Company 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.