Oxford Lane Capital Corp. $OXLC Holdings Raised by Citadel Advisors LLC

Key Points

• Citadel Advisors increased its Oxford Lane Capital stake by 48.9% in the second quarter, acquiring 559,421 additional shares and bringing its holdings to 1.70 million shares, or approximately 1.88% of OXLC.
• OXLC shares opened at $9.66, with a market capitalization of about $875.6 million and a 52-week trading range of $8.01 to $18.40. Institutional investors collectively own 6.74% of the stock.
• The company reported quarterly EPS of $0.95, below the $2.26 consensus estimate, while revenue of $166.25 million also missed expectations. OXLC declared a monthly dividend of $0.20 per share, representing an indicated yield of 24.8%.

Citadel Advisors LLC lifted its position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 48.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,703,401 shares of the investment management company's stock after acquiring an additional 559,421 shares during the period. Citadel Advisors LLC owned about 1.88% of Oxford Lane Capital worth $14,922,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Advisory Solutions Group LLC bought a new stake in Oxford Lane Capital during the second quarter valued at $551,000. NWF Advisory Services Inc. acquired a new position in shares of Oxford Lane Capital in the 2nd quarter valued at about $89,000. Susquehanna International Group LLP grew its position in shares of Oxford Lane Capital by 1.7% during the 2nd quarter. Susquehanna International Group LLP now owns 110,333 shares of the investment management company's stock valued at $967,000 after buying an additional 1,833 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in Oxford Lane Capital during the second quarter worth about $193,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in Oxford Lane Capital during the second quarter worth about $140,000. 6.74% of the stock is currently owned by institutional investors.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLC opened at $9.66 on Monday. The firm's 50-day moving average price is $9.16 and its two-hundred day moving average price is $9.30. Oxford Lane Capital Corp. has a 52-week low of $8.01 and a 52-week high of $18.40. The stock has a market capitalization of $875.55 million, a P/E ratio of 1.39 and a beta of 0.64.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last posted its earnings results on Tuesday, July 28th. The investment management company reported $0.95 EPS for the quarter, missing the consensus estimate of $2.26 by ($1.31). The firm had revenue of $166.25 million during the quarter, compared to the consensus estimate of $244.27 million.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be paid a dividend of $0.20 per share. This represents a c) dividend on an annualized basis and a yield of 24.8%. The ex-dividend date is Thursday, December 17th. Oxford Lane Capital's dividend payout ratio is presently 51.87%.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.

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