Choreo LLC Makes New Investment in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Choreo LLC bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,049 shares of the investment management company’s stock, valued at approximately $51,000.

A number of other institutional investors have also modified their holdings of the stock. Border to Coast Pensions Partnership Ltd lifted its position in shares of Oxford Lane Capital by 31.7% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock valued at $9,373,000 after acquiring an additional 445,000 shares during the period. Realta Investment Advisors grew its holdings in shares of Oxford Lane Capital by 244.8% in the 3rd quarter. Realta Investment Advisors now owns 888,696 shares of the investment management company’s stock worth $4,701,000 after acquiring an additional 630,942 shares during the period. Geneos Wealth Management Inc. increased its stake in Oxford Lane Capital by 4.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 527,200 shares of the investment management company’s stock valued at $2,673,000 after purchasing an additional 23,308 shares in the last quarter. Delphi Financial Group Inc. raised its holdings in Oxford Lane Capital by 36.8% during the third quarter. Delphi Financial Group Inc. now owns 480,221 shares of the investment management company’s stock worth $2,516,000 after purchasing an additional 129,184 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its position in Oxford Lane Capital by 56.5% during the third quarter. J.W. Cole Advisors Inc. now owns 228,395 shares of the investment management company’s stock worth $1,197,000 after purchasing an additional 82,431 shares in the last quarter. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Stock Down 1.7 %

Oxford Lane Capital stock opened at $5.06 on Monday. The firm’s 50-day simple moving average is $5.12 and its 200 day simple moving average is $5.23. Oxford Lane Capital Corp. has a 52 week low of $4.95 and a 52 week high of $5.78. The firm has a market capitalization of $1.75 billion, a PE ratio of 6.10 and a beta of 1.16.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 21.34%. The ex-dividend date is Monday, June 16th. Oxford Lane Capital’s dividend payout ratio is currently 125.30%.

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.