Virtu Financial LLC Buys New Stake in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Virtu Financial LLC purchased a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,907 shares of the investment management company’s stock, valued at approximately $157,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new stake in shares of Oxford Lane Capital in the second quarter valued at approximately $1,708,000. Rockefeller Capital Management L.P. bought a new stake in Oxford Lane Capital in the 3rd quarter valued at $777,000. Wedbush Securities Inc. grew its position in Oxford Lane Capital by 36.4% in the 2nd quarter. Wedbush Securities Inc. now owns 1,016,222 shares of the investment management company’s stock worth $5,508,000 after purchasing an additional 271,369 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Oxford Lane Capital by 198.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company’s stock worth $2,680,000 after purchasing an additional 328,553 shares during the period. Finally, Border to Coast Pensions Partnership Ltd acquired a new position in shares of Oxford Lane Capital during the third quarter valued at about $7,341,000. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Stock Performance

NASDAQ OXLC opened at $5.05 on Thursday. Oxford Lane Capital Corp. has a twelve month low of $4.83 and a twelve month high of $5.78. The stock has a market cap of $1.75 billion, a PE ratio of 3.61 and a beta of 1.15. The firm has a 50-day simple moving average of $5.26 and a 200 day simple moving average of $5.35.

Oxford Lane Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 21.39%. The ex-dividend date of this dividend is Monday, March 17th. Oxford Lane Capital’s payout ratio is presently 72.86%.

About Oxford Lane Capital

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.