3,187,230 Shares in Oxford Lane Capital Corp. $OXLC Purchased by Kohlberg Kravis Roberts & Co. L.P.

Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 3,187,230 shares of the investment management company’s stock, valued at approximately $31,171,000. Oxford Lane Capital makes up 0.6% of Kohlberg Kravis Roberts & Co. L.P.’s investment portfolio, making the stock its 11th largest holding.

A number of other large investors have also added to or reduced their stakes in the stock. Barclays PLC bought a new stake in Oxford Lane Capital in the fourth quarter worth about $24,253,000. North Ground Capital grew its position in shares of Oxford Lane Capital by 144.6% during the 4th quarter. North Ground Capital now owns 1,032,585 shares of the investment management company’s stock valued at $15,117,000 after acquiring an additional 610,363 shares during the period. Jane Street Group LLC grew its position in shares of Oxford Lane Capital by 1,520.4% during the 2nd quarter. Jane Street Group LLC now owns 594,696 shares of the investment management company’s stock valued at $2,498,000 after acquiring an additional 557,996 shares during the period. Eagle Point Credit Management LLC purchased a new stake in shares of Oxford Lane Capital during the 4th quarter worth approximately $7,272,000. Finally, Bulldog Investors LLP raised its holdings in shares of Oxford Lane Capital by 8.5% in the 4th quarter. Bulldog Investors LLP now owns 485,401 shares of the investment management company’s stock worth $7,106,000 after purchasing an additional 38,113 shares during the period. Hedge funds and other institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

Oxford Lane Capital stock opened at $8.50 on Monday. The business’s 50 day simple moving average is $9.14 and its 200 day simple moving average is $10.10. Oxford Lane Capital Corp. has a 12 month low of $8.01 and a 12 month high of $19.05. The company has a market cap of $770.41 million, a price-to-earnings ratio of 1.32 and a beta of 0.64.

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 paid 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 28.2%. Oxford Lane Capital’s dividend payout ratio is presently 59.60%.

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.