TrueMark Investments LLC Has $5.06 Million Stock Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

TrueMark Investments LLC raised its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 88.5% during the 4th quarter, Holdings Channel reports. The fund owned 998,125 shares of the investment management company’s stock after acquiring an additional 468,696 shares during the period. Oxford Lane Capital makes up about 1.6% of TrueMark Investments LLC’s investment portfolio, making the stock its 20th largest position. TrueMark Investments LLC’s holdings in Oxford Lane Capital were worth $5,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Lewis Asset Management LLC acquired a new position in shares of Oxford Lane Capital in the fourth quarter valued at about $51,000. Choreo LLC acquired a new position in shares of Oxford Lane Capital during the 4th quarter worth approximately $51,000. Walkner Condon Financial Advisors LLC bought a new position in shares of Oxford Lane Capital during the fourth quarter worth approximately $51,000. National Wealth Management Group LLC acquired a new stake in shares of Oxford Lane Capital in the third quarter valued at approximately $54,000. Finally, McIlrath & Eck LLC bought a new stake in shares of Oxford Lane Capital in the third quarter valued at approximately $55,000. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Price Performance

Oxford Lane Capital stock opened at $4.66 on Wednesday. The firm has a market cap of $1.61 billion, a PE ratio of 5.61 and a beta of 1.17. The stock’s fifty day moving average price is $4.98 and its two-hundred day moving average price is $5.14. Oxford Lane Capital Corp. has a one year low of $4.01 and a one year high of $5.78.

Oxford Lane Capital (NASDAQ:OXLC) last issued its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 127.71%.

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.