Marks Wealth LLC Acquires 11,528 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

Marks Wealth LLC grew its position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 114.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,563 shares of the investment management company’s stock after acquiring an additional 11,528 shares during the period. Oxford Lane Capital comprises 0.1% of Marks Wealth LLC’s portfolio, making the stock its 15th largest position. Marks Wealth LLC’s holdings in Oxford Lane Capital were worth $109,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Border to Coast Pensions Partnership Ltd boosted its position in shares of Oxford Lane Capital by 31.7% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock worth $9,373,000 after acquiring an additional 445,000 shares during the last quarter. Realta Investment Advisors grew its holdings in Oxford Lane Capital by 244.8% during the 3rd quarter. Realta Investment Advisors now owns 888,696 shares of the investment management company’s stock valued at $4,701,000 after purchasing an additional 630,942 shares during the last quarter. Delphi Financial Group Inc. raised its holdings in shares of Oxford Lane Capital by 36.8% in the third quarter. Delphi Financial Group Inc. now owns 480,221 shares of the investment management company’s stock worth $2,516,000 after buying an additional 129,184 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Oxford Lane Capital during the second quarter worth $1,708,000. Finally, J.W. Cole Advisors Inc. grew its stake in Oxford Lane Capital by 56.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 228,395 shares of the investment management company’s stock worth $1,197,000 after acquiring an additional 82,431 shares in the last quarter. 6.74% of the stock is owned by hedge funds and other institutional investors.

Oxford Lane Capital Price Performance

NASDAQ:OXLC opened at $5.09 on Friday. The company has a 50-day moving average of $5.16 and a 200 day moving average of $5.29. Oxford Lane Capital Corp. has a 1-year low of $4.95 and a 1-year high of $5.78. The firm has a market cap of $1.76 billion, a PE ratio of 3.64 and a beta of 1.15.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 20th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, January 17th. This represents a dividend yield of 21.26%. Oxford Lane Capital’s dividend payout ratio (DPR) is currently 73.57%.

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.