Transce3nd LLC Acquires 160,994 Shares of Oxford Lane Capital Corp. $OXLC

Transce3nd LLC boosted its holdings in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 63.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 415,326 shares of the investment management company’s stock after acquiring an additional 160,994 shares during the quarter. Oxford Lane Capital accounts for about 0.7% of Transce3nd LLC’s portfolio, making the stock its 22nd largest position. Transce3nd LLC owned 0.09% of Oxford Lane Capital worth $1,744,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its stake in shares of Oxford Lane Capital by 92.5% during the second quarter. AdvisorNet Financial Inc now owns 6,198 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 2,979 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Oxford Lane Capital in the second quarter valued at $28,000. US Bancorp DE raised its position in Oxford Lane Capital by 106.1% during the 1st quarter. US Bancorp DE now owns 6,300 shares of the investment management company’s stock worth $30,000 after purchasing an additional 3,243 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Oxford Lane Capital during the 2nd quarter worth $32,000. Finally, Capital Investment Advisors LLC acquired a new position in Oxford Lane Capital during the 2nd quarter worth about $45,000. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Trading Down 2.2%

Shares of OXLC stock opened at $14.95 on Monday. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 2.24 and a beta of 0.72. The stock has a 50-day moving average of $15.32 and a 200-day moving average of $17.93. Oxford Lane Capital Corp. has a 1-year low of $12.88 and a 1-year high of $26.40.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Wednesday, November 5th. The investment management company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.01). The company had revenue of $128.30 million during the quarter, compared to the consensus estimate of $247.87 million.

Oxford Lane Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.40 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 32.1%. The ex-dividend date of this dividend is Tuesday, March 17th.

Oxford Lane Capital Company 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.