Oxford Lane Capital Corp. (NASDAQ:OXLC) Position Decreased by Beacon Financial Advisory LLC

Posted by Eileen French on Nov 7th, 2024

Beacon Financial Advisory LLC cut its holdings in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC – Free Report) by 34.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,325 shares of the investment management company’s stock after selling 8,634 shares during the period. Beacon Financial Advisory LLC’s holdings in Oxford Lane Capital were worth $86,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Precision Wealth Strategies LLC purchased a new position in shares of Oxford Lane Capital in the third quarter worth approximately $52,000. Marks Wealth LLC bought a new position in Oxford Lane Capital during the third quarter valued at approximately $53,000. Merkkuri Wealth Advisors LLC acquired a new stake in Oxford Lane Capital in the third quarter valued at approximately $53,000. Foundations Investment Advisors LLC bought a new stake in Oxford Lane Capital in the third quarter worth approximately $64,000. Finally, Freestate Advisors LLC acquired a new position in shares of Oxford Lane Capital during the 3rd quarter worth $72,000. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Trading Up 0.6 %

Oxford Lane Capital stock opened at $5.33 on Thursday. The company has a market capitalization of $1.71 billion, a P/E ratio of 3.80 and a beta of 1.15. 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.

Oxford Lane Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 20.26%. Oxford Lane Capital’s dividend payout ratio is currently 72.14%.

About Oxford Lane Capital

(Free Report)

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.