Oxford Lane Capital Corp. (NASDAQ:OXLC) Shares Bought by M&T Bank Corp

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

A number of other institutional investors have also made changes to their positions in the stock. Border to Coast Pensions Partnership Ltd increased its position in shares of 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. Wedbush Securities Inc. grew its holdings in shares of Oxford Lane Capital by 10.0% in the fourth quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company's stock valued at $6,043,000 after purchasing an additional 107,951 shares in the last quarter. TrueMark Investments LLC grew its holdings in shares of Oxford Lane Capital by 88.5% in the fourth quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company's stock valued at $5,060,000 after purchasing an additional 468,696 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Oxford Lane Capital by 333.5% in the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company's stock valued at $4,874,000 after purchasing an additional 739,506 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Oxford Lane Capital by 42.7% in the fourth quarter. LPL Financial LLC now owns 897,345 shares of the investment management company's stock valued at $4,550,000 after purchasing an additional 268,631 shares in the last quarter. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Price Performance

Shares of OXLC stock traded down $0.10 during trading on Thursday, reaching $4.05. The company's stock had a trading volume of 4,748,730 shares, compared to its average volume of 5,352,133. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 4.88 and a beta of 0.77. The stock's 50-day moving average price is $4.36 and its 200 day moving average price is $4.68. Oxford Lane Capital Corp. has a 1-year low of $3.91 and a 1-year high of $5.63.

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 18th will be issued a $0.09 dividend. This represents a dividend yield of 26.67%. The ex-dividend date of this dividend is Thursday, July 17th. Oxford Lane Capital's dividend payout ratio (DPR) is currently 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.