North Ground Capital Takes $6.77 Million Position in Oxford Lane Capital Corp. $OXLC

North Ground Capital purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 422,222 shares of the investment management company’s stock, valued at approximately $6,771,000. Oxford Lane Capital makes up 4.2% of North Ground Capital’s investment portfolio, making the stock its 6th largest holding. North Ground Capital owned about 0.47% of Oxford Lane Capital as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the business. AdvisorNet Financial Inc increased its position in shares of Oxford Lane Capital by 92.5% in the second quarter. AdvisorNet Financial Inc now owns 6,198 shares of the investment management company’s stock valued at $26,000 after buying an additional 2,979 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Oxford Lane Capital in the 2nd quarter valued at $28,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Oxford Lane Capital in the 2nd quarter worth $32,000. Capital Investment Advisors LLC acquired a new position in Oxford Lane Capital during the second quarter worth $45,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in Oxford Lane Capital during the second quarter valued at $47,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Down 1.7%

OXLC stock opened at $14.67 on Monday. Oxford Lane Capital Corp. has a 52 week low of $12.88 and a 52 week high of $25.95. The firm has a 50-day simple moving average of $14.42 and a 200-day simple moving average of $16.43. The stock has a market capitalization of $1.33 billion, a P/E ratio of 2.19 and a beta of 0.70.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Wednesday, November 5th. The investment management company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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. Investors of record on Tuesday, March 17th will be paid a $0.40 dividend. This represents a c) annualized dividend and a yield of 32.7%. The ex-dividend date of this dividend is Tuesday, March 17th.

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.