Delphi Financial Group Inc. Has $2.58 Million Holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Delphi Financial Group Inc. boosted its holdings in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Rating) by 36.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 355,757 shares of the investment management company’s stock after buying an additional 95,077 shares during the quarter. Oxford Lane Capital comprises 0.9% of Delphi Financial Group Inc.’s portfolio, making the stock its 18th biggest holding. Delphi Financial Group Inc. owned 0.31% of Oxford Lane Capital worth $2,576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hudock Inc. increased its stake in shares of Oxford Lane Capital by 472.4% in the first quarter. Hudock Inc. now owns 3,543 shares of the investment management company’s stock valued at $25,000 after buying an additional 2,924 shares in the last quarter. Prospera Financial Services Inc bought a new position in shares of Oxford Lane Capital in the first quarter valued at $52,000. Capasso Planning Partners LLC bought a new stake in Oxford Lane Capital in the fourth quarter valued at approximately $116,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Oxford Lane Capital during the 4th quarter worth about $152,000. Finally, Summitry LLC bought a new stake in shares of Oxford Lane Capital during the 4th quarter worth about $154,000.

Oxford Lane Capital Stock Up 1.9 %

Shares of OXLC traded up $0.12 during midday trading on Thursday, reaching $6.54. 7,194 shares of the stock were exchanged, compared to its average volume of 1,420,173. The stock’s 50 day simple moving average is $6.17 and its 200 day simple moving average is $6.95. Oxford Lane Capital Corp. has a twelve month low of $5.49 and a twelve month high of $8.53.

Oxford Lane Capital (NASDAQ:OXLC – Get Rating) last issued its quarterly earnings results on Friday, May 6th. The investment management company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.13. The company had revenue of $55.10 million during the quarter, compared to the consensus estimate of $64.80 million.

Oxford Lane Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $0.90 annualized dividend and a dividend yield of 13.76%.

Oxford Lane Capital Company Profile

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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.