Private Advisor Group LLC Raises Stock Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Key Points

• Private Advisor Group LLC increased its stake in Oxford Lane Capital Corp. by 44.1%, owning 274,217 shares valued at approximately $1.29 million at the end of Q1.
• Other institutional investors also boosted their positions significantly, with M&T Bank Corp. increasing its ownership by 540.8% during the same period.
• Oxford Lane Capital announced a dividend of $0.09 per share, yielding 26.67%, with an ex-dividend date of July 17th.

Private Advisor Group LLC lifted its position in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 44.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 274,217 shares of the investment management company's stock after buying an additional 83,936 shares during the quarter. Private Advisor Group LLC owned approximately 0.08% of Oxford Lane Capital worth $1,294,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SWAN Capital LLC purchased a new stake in Oxford Lane Capital during the fourth quarter worth about $30,000. Titleist Asset Management LLC acquired a new stake in Oxford Lane Capital during the 4th quarter worth approximately $51,000. Insigneo Advisory Services LLC acquired a new stake in Oxford Lane Capital during the 1st quarter worth approximately $47,000. Quilter Plc purchased a new position in Oxford Lane Capital in the 1st quarter valued at approximately $47,000. Finally, Cornell Pochily Investment Advisors Inc. acquired a new position in shares of Oxford Lane Capital in the first quarter worth $48,000. Institutional investors and hedge funds own 6.74% of the company's stock.

Oxford Lane Capital Trading Down 2.4%

NASDAQ:OXLC traded down $0.09 during midday trading on Wednesday, reaching $3.62. The company had a trading volume of 5,392,618 shares, compared to its average volume of 6,864,764. The stock's fifty day simple moving average is $4.17 and its 200-day simple moving average is $4.59. Oxford Lane Capital Corp. has a 12-month low of $3.27 and a 12-month high of $5.60. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 4.36 and a beta of 0.77.

Oxford Lane Capital Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 18th will be issued 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 Company 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.