Soltis Investment Advisors LLC Reduces Stock Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Soltis Investment Advisors LLC trimmed its holdings in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 16.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 31,156 shares of the investment management company’s stock after selling 6,101 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Oxford Lane Capital were worth $163,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Border to Coast Pensions Partnership Ltd bought a new stake in Oxford Lane Capital during the third quarter worth approximately $7,341,000. Wedbush Securities Inc. raised its holdings in Oxford Lane Capital by 36.4% during the 2nd quarter. Wedbush Securities Inc. now owns 1,016,222 shares of the investment management company’s stock valued at $5,508,000 after buying an additional 271,369 shares during the period. Realta Investment Advisors lifted its position in Oxford Lane Capital by 244.8% in the third quarter. Realta Investment Advisors now owns 888,696 shares of the investment management company’s stock worth $4,701,000 after buying an additional 630,942 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Oxford Lane Capital by 198.1% during the second quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company’s stock valued at $2,680,000 after acquiring an additional 328,553 shares during the last quarter. Finally, Delphi Financial Group Inc. lifted its holdings in shares of Oxford Lane Capital by 36.8% in the 3rd quarter. Delphi Financial Group Inc. now owns 480,221 shares of the investment management company’s stock worth $2,516,000 after acquiring an additional 129,184 shares during the last quarter. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLC opened at $5.25 on Friday. Oxford Lane Capital Corp. has a 12 month low of $4.82 and a 12 month high of $5.78. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 3.75 and a beta of 1.15. The firm’s 50-day moving average is $5.27 and its 200 day moving average is $5.36.

Oxford Lane Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 20.57%. Oxford Lane Capital’s dividend payout ratio is 72.86%.

Oxford Lane Capital Company Profile

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.