Naviter Wealth LLC Decreases Stock Holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Naviter Wealth LLC trimmed its position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 5.8% during the 3rd quarter, Holdings Channel reports. The fund owned 48,668 shares of the investment management company’s stock after selling 3,000 shares during the period. Naviter Wealth LLC’s holdings in Oxford Lane Capital were worth $255,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Wedbush Securities Inc. raised its holdings in shares of 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 worth $5,508,000 after acquiring an additional 271,369 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Oxford Lane Capital by 198.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company’s stock valued at $2,680,000 after buying an additional 328,553 shares during the period. Commonwealth Equity Services LLC raised its holdings in Oxford Lane Capital by 8.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 350,516 shares of the investment management company’s stock valued at $1,900,000 after buying an additional 26,053 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Oxford Lane Capital during the 2nd quarter valued at $1,708,000. Finally, TrueMark Investments LLC purchased a new stake in Oxford Lane Capital during the 2nd quarter valued at $1,643,000. 6.74% of the stock is owned by hedge funds and other institutional investors.

Oxford Lane Capital Stock Performance

NASDAQ:OXLC opened at $5.21 on Friday. The stock’s fifty day moving average is $5.29 and its 200 day moving average is $5.33. Oxford Lane Capital Corp. has a fifty-two week low of $4.41 and a fifty-two week high of $5.78. The firm has a market capitalization of $1.25 billion, a PE ratio of 5.16 and a beta of 1.15.

Oxford Lane Capital (NASDAQ:OXLC) last announced its quarterly earnings data on Friday, July 26th. The investment management company reported $0.41 EPS for the quarter. The business had revenue of $89.80 million during the quarter.

Oxford Lane Capital Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be given a $0.09 dividend. This represents a yield of 20.73%. The ex-dividend date is Thursday, October 17th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 99.01%.

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.