Rockefeller Capital Management L.P. Purchases New Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Rockefeller Capital Management L.P. purchased a new position in Oxford Lane Capital Corp. (NASDAQ:OXLC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 148,251 shares of the investment management company’s stock, valued at approximately $777,000.

Other hedge funds also recently bought and sold shares of the company. Border to Coast Pensions Partnership Ltd purchased a new stake in shares of Oxford Lane Capital during the third quarter worth about $7,341,000. Wedbush Securities Inc. increased its stake in Oxford Lane Capital by 36.4% during the 2nd quarter. Wedbush Securities Inc. now owns 1,016,222 shares of the investment management company’s stock worth $5,508,000 after buying an additional 271,369 shares in the last quarter. Realta Investment Advisors raised its holdings in shares of Oxford Lane Capital by 244.8% during the third quarter. Realta Investment Advisors now owns 888,696 shares of the investment management company’s stock valued at $4,701,000 after acquiring an additional 630,942 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Oxford Lane Capital by 198.1% in the second quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company’s stock valued at $2,680,000 after acquiring an additional 328,553 shares in the last quarter. Finally, Delphi Financial Group Inc. boosted its stake in shares of Oxford Lane Capital by 36.8% in the third quarter. Delphi Financial Group Inc. now owns 480,221 shares of the investment management company’s stock worth $2,516,000 after acquiring an additional 129,184 shares during the last quarter. Hedge funds and other institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

Shares of OXLC opened at $5.24 on Tuesday. The stock has a 50 day moving average price of $5.27 and a 200 day moving average price of $5.36. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 3.74 and a beta of 1.15. Oxford Lane Capital Corp. has a one year low of $4.82 and a one year high of $5.78.

Oxford Lane Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 20.61%. The ex-dividend date of this dividend is Monday, March 17th. Oxford Lane Capital’s dividend payout ratio (DPR) is 72.86%.

Oxford Lane Capital 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.