Polar Asset Management Partners Inc. Buys 350,000 Shares of Oxford Lane Capital Corp. $OXLC

Key Points

• Polar Asset Management increased its Oxford Lane Capital stake by 17.5% in the second quarter, purchasing 350,000 shares for a total holding of 2.35 million shares valued at approximately $20.6 million.
• Oxford Lane Capital reported quarterly EPS of $0.95, missing the $2.26 consensus estimate, while revenue of $166.25 million also fell short of expectations.
• The company declared a monthly dividend of $0.20 per share, implying a reported annualized yield of 25.1%; institutional investors collectively own 6.74% of the stock.

Polar Asset Management Partners Inc. grew its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 17.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,350,000 shares of the investment management company's stock after buying an additional 350,000 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 2.59% of Oxford Lane Capital worth $20,586,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC lifted its position in shares of Oxford Lane Capital by 70.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 31,136 shares of the investment management company's stock valued at $147,000 after buying an additional 12,873 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Oxford Lane Capital by 17.9% in the 1st quarter. NewEdge Advisors LLC now owns 29,326 shares of the investment management company's stock worth $138,000 after acquiring an additional 4,462 shares in the last quarter. Cetera Investment Advisers increased its holdings in Oxford Lane Capital by 18.3% in the 2nd quarter. Cetera Investment Advisers now owns 132,074 shares of the investment management company's stock worth $555,000 after acquiring an additional 20,411 shares in the last quarter. XTX Topco Ltd purchased a new stake in Oxford Lane Capital in the 2nd quarter worth approximately $69,000. Finally, EverSource Wealth Advisors LLC raised its stake in Oxford Lane Capital by 25.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 20,000 shares of the investment management company's stock worth $84,000 after acquiring an additional 4,000 shares during the period. Institutional investors own 6.74% of the company's stock.

Oxford Lane Capital Price Performance

Shares of NASDAQ:OXLC opened at $9.58 on Wednesday. Oxford Lane Capital Corp. has a 1-year low of $8.01 and a 1-year high of $19.05. The company has a market capitalization of $868.30 million, a P/E ratio of 1.38 and a beta of 0.63. The firm's 50 day simple moving average is $8.97 and its two-hundred day simple moving average is $9.35.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The investment management company reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.26 by ($1.31). The firm had revenue of $166.25 million for the quarter, compared to analysts' expectations of $244.27 million.

Oxford Lane Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, December 17th. This represents a c) annualized dividend and a yield of 25.1%. Oxford Lane Capital's dividend payout ratio is currently 51.87%.

Oxford Lane Capital Profile

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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