Saba Capital Management L.P. Makes New Investment in Oxford Lane Capital Corp. $OXLC

Saba Capital Management L.P. purchased a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,852,145 shares of the investment management company’s stock, valued at approximately $18,114,000.

A number of other hedge funds have also recently added to or reduced their stakes in OXLC. Polar Asset Management Partners Inc. bought a new stake in Oxford Lane Capital during the first quarter valued at $19,560,000. Kohlberg Kravis Roberts & Co. L.P. acquired a new position in shares of Oxford Lane Capital in the 1st quarter valued at about $31,171,000. Gibbs Wealth Management bought a new stake in shares of Oxford Lane Capital during the 1st quarter valued at about $228,000. Lido Advisors LLC boosted its stake in Oxford Lane Capital by 349.4% in the first quarter. Lido Advisors LLC now owns 46,470 shares of the investment management company’s stock valued at $454,000 after acquiring an additional 36,130 shares during the period. Finally, Legacy Wealth Managment LLC ID raised its position in shares of Oxford Lane Capital by 20.9% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 6,010 shares of the investment management company’s stock worth $59,000 after purchasing an additional 1,040 shares during the period. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Price Performance

NASDAQ:OXLC opened at $8.44 on Tuesday. Oxford Lane Capital Corp. has a 12-month low of $8.01 and a 12-month high of $19.05. The firm has a market capitalization of $764.98 million, a P/E ratio of 1.31 and a beta of 0.64. The business has a 50 day simple moving average of $9.11 and a 200 day simple moving average of $10.05.

Oxford Lane Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 28.4%. Oxford Lane Capital’s dividend payout ratio is currently 59.60%.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.