Oxford Lane Capital Corp. (NASDAQ:OXLC) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 195.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,025 shares of the investment management company’s stock after acquiring an additional 58,862 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Oxford Lane Capital were worth $420,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Border to Coast Pensions Partnership Ltd grew its holdings in shares of Oxford Lane Capital by 18.9% during the first quarter. Border to Coast Pensions Partnership Ltd now owns 2,200,000 shares of the investment management company’s stock worth $10,384,000 after purchasing an additional 350,000 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of Oxford Lane Capital by 333.5% in the 4th quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock valued at $4,874,000 after purchasing an additional 739,506 shares during the last quarter. LPL Financial LLC boosted its position in shares of Oxford Lane Capital by 42.7% in the 4th quarter. LPL Financial LLC now owns 897,345 shares of the investment management company’s stock valued at $4,550,000 after purchasing an additional 268,631 shares during the period. Jane Street Group LLC grew its stake in Oxford Lane Capital by 905.9% during the 4th quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company’s stock worth $2,379,000 after buying an additional 422,593 shares during the last quarter. Finally, Triumph Capital Management increased its position in Oxford Lane Capital by 13.2% during the fourth quarter. Triumph Capital Management now owns 299,870 shares of the investment management company’s stock worth $1,520,000 after buying an additional 35,037 shares during the period. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Trading Down 2.3%

Shares of NASDAQ OXLC opened at $3.36 on Thursday. The stock has a market cap of $1.52 billion, a P/E ratio of 4.05 and a beta of 0.76. Oxford Lane Capital Corp. has a twelve month low of $3.27 and a twelve month high of $5.57. The stock has a 50 day moving average of $4.07 and a two-hundred day moving average of $4.54.

Oxford Lane Capital Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 18th were given a $0.09 dividend. This represents a yield of 2,667.0%. The ex-dividend date was Thursday, July 17th. Oxford Lane Capital’s payout ratio is 140.96%.

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.