Transce3nd LLC Has $1.20 Million Stock Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Transce3nd LLC raised its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 200.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 254,332 shares of the investment management company's stock after buying an additional 169,745 shares during the quarter. Oxford Lane Capital accounts for about 0.5% of Transce3nd LLC's holdings, making the stock its 28th biggest position. Transce3nd LLC owned approximately 0.07% of Oxford Lane Capital worth $1,200,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in OXLC. SWAN Capital LLC acquired a new position in Oxford Lane Capital in the 4th quarter valued at approximately $30,000. Insigneo Advisory Services LLC acquired a new position in shares of Oxford Lane Capital during the 1st quarter worth $47,000. Quilter Plc acquired a new position in shares of Oxford Lane Capital during the 1st quarter worth $47,000. Cornell Pochily Investment Advisors Inc. acquired a new position in shares of Oxford Lane Capital during the 1st quarter worth $48,000. Finally, Titleist Asset Management LLC acquired a new position in shares of Oxford Lane Capital during the 4th quarter worth $51,000. Institutional investors and hedge funds own 6.74% of the company's stock.

Oxford Lane Capital Stock Down 2.0%

Shares of OXLC traded down $0.08 during mid-day trading on Friday, hitting $3.97. 8,640,451 shares of the company's stock were exchanged, compared to its average volume of 5,373,920. The firm has a fifty day moving average of $4.35 and a two-hundred day moving average of $4.67. Oxford Lane Capital Corp. has a twelve month low of $3.91 and a twelve month high of $5.63. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 4.78 and a beta of 0.77.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, July 18th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, July 17th. This represents a dividend yield of 26.67%. 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.