Advisor Group Inc. increased its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 19.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,218 shares of the investment management company’s stock after acquiring an additional 26,050 shares during the period. Advisor Group Inc. owned about 0.65% of Oxford Lane Capital Corp. worth $1,604,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Blair William & Co. IL acquired a new stake in shares of Oxford Lane Capital Corp. in the 2nd quarter worth about $1,801,000. Virtu KCG Holdings LLC raised its holdings in shares of Oxford Lane Capital Corp. by 258.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 41,437 shares of the investment management company’s stock worth $411,000 after acquiring an additional 29,863 shares during the last quarter. KCG Holdings Inc. acquired a new stake in shares of Oxford Lane Capital Corp. in the 1st quarter worth about $129,000. GSA Capital Partners LLP raised its holdings in shares of Oxford Lane Capital Corp. by 66.1% in the 2nd quarter. GSA Capital Partners LLP now owns 18,600 shares of the investment management company’s stock worth $184,000 after acquiring an additional 7,400 shares during the last quarter. Finally, Nine Chapters Capital Management LLC acquired a new stake in shares of Oxford Lane Capital Corp. in the 3rd quarter worth about $241,000.
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A number of research firms recently weighed in on OXLC. Ladenburg Thalmann Financial Services restated a “buy” rating and issued a $11.00 target price (up previously from $10.25) on shares of Oxford Lane Capital Corp. in a report on Thursday, October 5th. Zacks Investment Research upgraded shares of Oxford Lane Capital Corp. from a “sell” rating to a “hold” rating in a report on Friday, September 1st.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.60 annualized dividend and a yield of 15.78%. Oxford Lane Capital Corp.’s dividend payout ratio (DPR) is 116.79%.
Oxford Lane Capital Corp. Profile
Oxford Lane Capital Corp. is a non-diversified closed-end management investment company. The Fund’s investment objective is to maximize its portfolio’s risk adjusted total return and seeks to achieve its investment objective by investing in structured finance investments, specifically collateralized loan obligation (CLO) vehicles, which primarily own senior corporate debt securities.
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