Beacon Financial Advisory LLC cut its position in Oxford Lane Capital Corp. (NASDAQ:OXLC – Free Report) by 34.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,325 shares of the investment management company’s stock after selling 8,634 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Oxford Lane Capital were worth $86,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the company. Precision Wealth Strategies LLC acquired a new stake in shares of Oxford Lane Capital in the third quarter valued at about $52,000. Marks Wealth LLC acquired a new stake in Oxford Lane Capital in the 3rd quarter valued at approximately $53,000. Merkkuri Wealth Advisors LLC bought a new position in Oxford Lane Capital in the 3rd quarter worth approximately $53,000. Foundations Investment Advisors LLC acquired a new position in shares of Oxford Lane Capital during the third quarter worth approximately $64,000. Finally, Freestate Advisors LLC acquired a new stake in shares of Oxford Lane Capital in the third quarter worth $72,000. Institutional investors own 6.74% of the company’s stock.
Oxford Lane Capital Trading Up 0.6 %
Shares of OXLC stock opened at $5.33 on Thursday. Oxford Lane Capital Corp. has a 1 year low of $4.82 and a 1 year high of $5.78. The firm’s fifty day simple moving average is $5.27 and its 200 day simple moving average is $5.35. The firm has a market capitalization of $1.71 billion, a P/E ratio of 3.80 and a beta of 1.15.
Oxford Lane Capital Announces Dividend
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.
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