Oxford Lane Capital Corp. (NASDAQ:OXLC) Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC lessened its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 69.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,829 shares of the investment management company’s stock after selling 33,839 shares during the period. Naviter Wealth LLC’s holdings in Oxford Lane Capital were worth $75,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of OXLC. Border to Coast Pensions Partnership Ltd lifted its position in Oxford Lane Capital by 31.7% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock valued at $9,373,000 after buying an additional 445,000 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Oxford Lane Capital in the 4th quarter valued at approximately $1,079,000. Rockefeller Capital Management L.P. acquired a new position in shares of Oxford Lane Capital in the 3rd quarter worth approximately $777,000. Realta Investment Advisors boosted its position in shares of Oxford Lane Capital by 15.9% during the 4th quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock worth $5,254,000 after purchasing an additional 141,536 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in Oxford Lane Capital in the 3rd quarter valued at approximately $625,000. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Lane Capital Stock Up 0.4 %

Shares of NASDAQ OXLC opened at $5.03 on Monday. Oxford Lane Capital Corp. has a 52-week low of $4.95 and a 52-week high of $5.78. The business’s 50 day moving average is $5.09 and its two-hundred day moving average is $5.20. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 6.06 and a beta of 1.17.

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

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 21.47%. The ex-dividend date of this dividend is Monday, June 16th. Oxford Lane Capital’s payout ratio is 126.51%.

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.