Transce3nd LLC Raises Stake in Oxford Lane Capital Corp. (NASDAQ:OXLC)

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

A number of other hedge funds also recently bought and sold shares of the stock. SWAN Capital LLC purchased a new stake in shares of Oxford Lane Capital during the 4th quarter valued at $30,000. Insigneo Advisory Services LLC purchased a new stake in shares of Oxford Lane Capital during the 1st quarter valued at $47,000. Quilter Plc purchased a new stake in shares of Oxford Lane Capital during the 1st quarter valued at $47,000. Cornell Pochily Investment Advisors Inc. purchased a new stake in shares of Oxford Lane Capital during the 1st quarter valued at $48,000. Finally, Titleist Asset Management LLC purchased a new stake in shares of Oxford Lane Capital during the 4th quarter valued at $51,000. Hedge funds and other institutional investors own 6.74% of the company's stock.

Oxford Lane Capital Trading Down 2.5%

Shares of OXLC traded down $0.10 during midday trading on Monday, hitting $3.87. 16,891,301 shares of the company's stock traded hands, compared to its average volume of 5,417,550. Oxford Lane Capital Corp. has a 1 year low of $3.81 and a 1 year high of $5.63. The firm's fifty day moving average is $4.35 and its 200-day moving average is $4.67. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 4.66 and a beta of 0.77.

Oxford Lane Capital Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 18th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a yield of 26.67%. Oxford Lane Capital's dividend payout ratio (DPR) is 140.96%.

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.