Oxford Lane Capital Corp. (NASDAQ:OXLC) Position Trimmed by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 18.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 27,140 shares of the investment management company’s stock after selling 6,000 shares during the quarter. Sanctuary Advisors LLC’s holdings in Oxford Lane Capital were worth $138,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Lewis Asset Management LLC acquired a new stake in Oxford Lane Capital during the fourth quarter worth about $51,000. Walkner Condon Financial Advisors LLC acquired a new stake in shares of Oxford Lane Capital during the 4th quarter worth approximately $51,000. Choreo LLC bought a new stake in shares of Oxford Lane Capital in the 4th quarter worth approximately $51,000. National Wealth Management Group LLC bought a new stake in shares of Oxford Lane Capital in the 3rd quarter worth approximately $54,000. Finally, McIlrath & Eck LLC acquired a new position in Oxford Lane Capital during the 3rd quarter valued at approximately $55,000. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLC opened at $5.03 on Thursday. The firm has a market capitalization of $1.74 billion, a PE ratio of 6.06 and a beta of 1.16. Oxford Lane Capital Corp. has a 1-year low of $4.95 and a 1-year high of $5.78. The business’s fifty day moving average price is $5.10 and its two-hundred day moving average price is $5.20.

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

Oxford Lane Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.08 dividend on an annualized basis and a yield of 21.47%. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 126.51%.

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.