M&T Bank Corp Has $1.45 Million Stock Holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC)

M&T Bank Corp boosted its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 540.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 306,884 shares of the investment management company's stock after buying an additional 258,992 shares during the quarter. M&T Bank Corp owned approximately 0.09% of Oxford Lane Capital worth $1,448,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in OXLC. Citadel Advisors LLC lifted its position in shares of 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 period. TrueMark Investments LLC raised its stake in Oxford Lane Capital by 88.5% during the fourth quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company's stock worth $5,060,000 after buying an additional 468,696 shares during the last quarter. Jane Street Group LLC lifted its holdings in Oxford Lane Capital by 905.9% in the fourth quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company's stock valued at $2,379,000 after buying an additional 422,593 shares during the period. Border to Coast Pensions Partnership Ltd boosted its position in Oxford Lane Capital by 18.9% during the first 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. Finally, LPL Financial LLC boosted its position 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 valued at $4,550,000 after acquiring an additional 268,631 shares during the last quarter. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Price Performance

Shares of Oxford Lane Capital stock traded down $0.02 on Tuesday, hitting $4.15. 1,192,092 shares of the company's stock traded hands, compared to its average volume of 5,343,855. The company has a fifty day moving average of $4.41 and a two-hundred day moving average of $4.70. Oxford Lane Capital Corp. has a one year low of $3.91 and a one year high of $5.68. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 4.99 and a beta of 0.77.

Oxford Lane Capital Announces Dividend

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

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.