Oxford Lane Capital Corp. (OXLC) to Distribute Monthly Dividend of $0.20 on July 31st

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Thursday, May 14th. Stockholders of record on Friday, July 17th will be given a dividend of 0.20 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 26.3%. The ex-dividend date is Friday, July 17th.

Oxford Lane Capital has a dividend payout ratio of 372.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Oxford Lane Capital Stock Down 0.7%

Shares of OXLC opened at $9.13 on Wednesday. The company has a 50 day moving average of $9.35 and a two-hundred day moving average of $10.43. Oxford Lane Capital has a twelve month low of $8.01 and a twelve month high of $20.90. The company has a market cap of $827.52 million, a price-to-earnings ratio of 1.41 and a beta of 0.64.

Institutional Investors Weigh In On Oxford Lane Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kohlberg Kravis Roberts & Co. L.P. purchased a new position in shares of Oxford Lane Capital in the first quarter worth $31,171,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Oxford Lane Capital during the first quarter worth $19,560,000. Saba Capital Management L.P. purchased a new stake in shares of Oxford Lane Capital during the first quarter valued at $18,114,000. Barclays PLC acquired a new position in shares of Oxford Lane Capital in the 4th quarter valued at $24,253,000. Finally, North Ground Capital increased its position in shares of Oxford Lane Capital by 144.6% in 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. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

About Oxford Lane Capital

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.