Oxford Lane Capital Corp. (NASDAQ:OXLC) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC increased its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 88.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,579 shares of the investment management company’s stock after acquiring an additional 17,608 shares during the period. Park Avenue Securities LLC’s holdings in Oxford Lane Capital were worth $191,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Penserra Capital Management LLC boosted its position in shares of Oxford Lane Capital by 13.2% in the third quarter. Penserra Capital Management LLC now owns 2,825,664 shares of the investment management company’s stock worth $14,100,000 after acquiring an additional 328,744 shares during the last quarter. &PARTNERS lifted its position in Oxford Lane Capital by 4.1% during the fourth quarter. &PARTNERS now owns 253,191 shares of the investment management company’s stock valued at $1,251,000 after buying an additional 10,003 shares in the last quarter. Arlington Capital Management Inc. lifted its position in Oxford Lane Capital by 74.3% during the fourth quarter. Arlington Capital Management Inc. now owns 154,916 shares of the investment management company’s stock valued at $765,000 after buying an additional 66,032 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Oxford Lane Capital by 315.2% during the fourth quarter. BNP Paribas Financial Markets now owns 142,700 shares of the investment management company’s stock valued at $705,000 after buying an additional 108,327 shares in the last quarter. Finally, Raymond James & Associates lifted its position in Oxford Lane Capital by 2.5% during the fourth quarter. Raymond James & Associates now owns 139,879 shares of the investment management company’s stock valued at $691,000 after buying an additional 3,413 shares in the last quarter. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Stock Up 0.7 %

Shares of OXLC stock opened at $5.45 on Wednesday. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 5.40 and a beta of 1.16. Oxford Lane Capital Corp. has a fifty-two week low of $4.41 and a fifty-two week high of $5.78. The firm’s 50 day moving average price is $5.35 and its two-hundred day moving average price is $5.18.

Oxford Lane Capital Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a dividend of $0.09 per share. This is a boost from Oxford Lane Capital’s previous dividend of $0.08. The ex-dividend date is Wednesday, July 17th. Oxford Lane Capital’s payout ratio is 96.04%.

Insider Buying and Selling at Oxford Lane Capital

In other Oxford Lane Capital news, CEO Jonathan H. Cohen purchased 4,630,000 shares of Oxford Lane Capital stock in a transaction on Tuesday, May 28th. The shares were purchased at an average cost of $5.40 per share, with a total value of $25,002,000.00. Following the completion of the transaction, the chief executive officer now directly owns 4,864,728 shares in the company, valued at approximately $26,269,531.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Jonathan H. Cohen acquired 4,630,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average price of $5.40 per share, for a total transaction of $25,002,000.00. Following the completion of the purchase, the chief executive officer now directly owns 4,864,728 shares of the company’s stock, valued at approximately $26,269,531.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Saul B. Rosenthal acquired 2,315,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average price of $5.40 per share, for a total transaction of $12,501,000.00. Following the purchase, the president now directly owns 2,514,887 shares of the company’s stock, valued at $13,580,389.80. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by corporate insiders.

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.