Polar Asset Management Partners Inc. Acquires 350,000 Shares of Oxford Lane Capital Corp. $OXLC

Polar Asset Management Partners Inc. increased its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 17.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,350,000 shares of the investment management company’s stock after purchasing an additional 350,000 shares during the period. Polar Asset Management Partners Inc.’s holdings in Oxford Lane Capital were worth $20,586,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Osbon Capital Management LLC purchased a new stake in Oxford Lane Capital during the 4th quarter valued at approximately $29,000. Camelot Portfolios LLC bought a new stake in shares of Oxford Lane Capital during the fourth quarter valued at approximately $29,000. WPG Advisers LLC lifted its holdings in shares of Oxford Lane Capital by 79.6% in the first quarter. WPG Advisers LLC now owns 3,914 shares of the investment management company’s stock worth $38,000 after buying an additional 1,735 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Oxford Lane Capital by 377.2% in the fourth quarter. Sunbelt Securities Inc. now owns 3,827 shares of the investment management company’s stock worth $56,000 after buying an additional 3,025 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its position in shares of Oxford Lane Capital by 20.9% during the first quarter. Legacy Wealth Managment LLC ID now owns 6,010 shares of the investment management company’s stock worth $59,000 after acquiring an additional 1,040 shares during the last quarter. 6.74% of the stock is currently owned by institutional investors.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLC opened at $9.58 on Wednesday. The firm has a market cap of $868.30 million, a price-to-earnings ratio of 1.38 and a beta of 0.63. The firm has a fifty day moving average price of $8.97 and a 200 day moving average price of $9.35. Oxford Lane Capital Corp. has a fifty-two week low of $8.01 and a fifty-two week high of $19.05.

Oxford Lane Capital (NASDAQ:OXLC) last announced its quarterly earnings results on Tuesday, July 28th. The investment management company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.26 by ($1.31). The business had revenue of $166.25 million for the quarter, compared to the consensus estimate of $244.27 million.

Oxford Lane Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, December 17th. This represents a c) dividend on an annualized basis and a dividend yield of 25.1%. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 51.87%.

Oxford Lane Capital 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.