Triumph Capital Management Has $1.52 Million Stake in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Triumph Capital Management boosted its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 13.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 299,870 shares of the investment management company’s stock after purchasing an additional 35,037 shares during the quarter. Triumph Capital Management’s holdings in Oxford Lane Capital were worth $1,520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Oxford Lane Capital in the 4th quarter valued at approximately $1,079,000. Wedbush Securities Inc. raised its position in shares of Oxford Lane Capital by 10.0% in the 4th quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company’s stock valued at $6,043,000 after buying an additional 107,951 shares in the last quarter. Realta Investment Advisors raised its position in shares of Oxford Lane Capital by 15.9% in the 4th quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock valued at $5,254,000 after buying an additional 141,536 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in shares of Oxford Lane Capital in the 4th quarter valued at approximately $290,000. Finally, TrueMark Investments LLC raised its position in shares of Oxford Lane Capital by 88.5% in the 4th quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company’s stock valued at $5,060,000 after buying an additional 468,696 shares in the last quarter. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Trading Down 1.6%

Shares of NASDAQ:OXLC opened at $4.88 on Friday. The firm has a 50 day moving average of $4.61 and a 200-day moving average of $4.96. The stock has a market capitalization of $1.69 billion, a PE ratio of 5.88 and a beta of 0.75. Oxford Lane Capital Corp. has a 12 month low of $3.91 and a 12 month high of $5.78.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a dividend of $0.09 per share. This represents a yield of 24.43%. The ex-dividend date of this dividend was Wednesday, April 16th. Oxford Lane Capital’s dividend payout ratio is 128.92%.

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.