Oxford Lane Capital Corp. (NASDAQ:OXLC) Shares Sold by Sage Capital Advisors llc

Sage Capital Advisors llc lessened its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 24.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,913 shares of the investment management company’s stock after selling 21,169 shares during the quarter. Sage Capital Advisors llc’s holdings in Oxford Lane Capital were worth $324,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Precision Wealth Strategies LLC acquired a new stake in shares of Oxford Lane Capital during the third quarter worth about $52,000. Marks Wealth LLC acquired a new stake in Oxford Lane Capital during the 3rd quarter worth about $53,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of Oxford Lane Capital in the 3rd quarter valued at about $53,000. National Wealth Management Group LLC purchased a new stake in shares of Oxford Lane Capital in the third quarter worth about $54,000. Finally, McIlrath & Eck LLC purchased a new stake in Oxford Lane Capital in the 3rd quarter worth approximately $55,000. 6.74% of the stock is owned by hedge funds and other institutional investors.

Oxford Lane Capital Stock Performance

Shares of OXLC traded down $0.01 during trading hours on Friday, hitting $5.09. The stock had a trading volume of 2,821,497 shares, compared to its average volume of 5,454,119. Oxford Lane Capital Corp. has a fifty-two week low of $4.95 and a fifty-two week high of $5.78. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 3.64 and a beta of 1.15. The firm has a 50-day moving average price of $5.21 and a 200 day moving average price of $5.31.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, January 17th. Oxford Lane Capital’s payout ratio is 73.57%.

Oxford Lane Capital 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.