Polar Asset Management Partners Inc. Takes Position in Oxford Lane Capital Corp. $OXLC

Polar Asset Management Partners Inc. acquired a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) during the first quarter, Holdings Channel reports. The fund acquired 2,000,000 shares of the investment management company’s stock, valued at approximately $19,560,000.

Several other large investors also recently made changes to their positions in the company. Integrated Wealth Concepts LLC raised its stake in Oxford Lane Capital by 70.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 31,136 shares of the investment management company’s stock worth $147,000 after buying an additional 12,873 shares during the period. NewEdge Advisors LLC grew its stake in Oxford Lane Capital by 17.9% in the first quarter. NewEdge Advisors LLC now owns 29,326 shares of the investment management company’s stock valued at $138,000 after acquiring an additional 4,462 shares during the period. Cetera Investment Advisers grew its stake in Oxford Lane Capital by 18.3% in the second quarter. Cetera Investment Advisers now owns 132,074 shares of the investment management company’s stock valued at $555,000 after acquiring an additional 20,411 shares during the period. XTX Topco Ltd bought a new stake in shares of Oxford Lane Capital during the second quarter valued at approximately $69,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Oxford Lane Capital by 25.0% during the second quarter. EverSource Wealth Advisors LLC now owns 20,000 shares of the investment management company’s stock valued at $84,000 after acquiring an additional 4,000 shares in the last quarter. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Price Performance

Shares of NASDAQ:OXLC opened at $8.50 on Monday. Oxford Lane Capital Corp. has a twelve month low of $8.01 and a twelve month high of $19.05. The stock’s 50 day moving average is $9.14 and its 200-day moving average is $10.10. The firm has a market capitalization of $770.41 million, a price-to-earnings ratio of 1.32 and a beta of 0.64.

Oxford Lane Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 16th. This represents a c) annualized dividend and a 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.