Oxford Lane Capital Corp. (NASDAQ:OXLC) Shares Acquired by Merkkuri Wealth Advisors LLC

Merkkuri Wealth Advisors LLC grew its stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 26.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,466 shares of the investment management company’s stock after buying an additional 3,278 shares during the quarter. Merkkuri Wealth Advisors LLC’s holdings in Oxford Lane Capital were worth $73,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Wedbush Securities Inc. lifted its holdings in shares of Oxford Lane Capital by 10.0% in the 4th quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company’s stock valued at $6,043,000 after buying an additional 107,951 shares during the period. TrueMark Investments LLC lifted its holdings in shares of Oxford Lane Capital by 88.5% in the 4th quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company’s stock valued at $5,060,000 after buying an additional 468,696 shares during the period. Citadel Advisors LLC increased its stake in shares of Oxford Lane Capital by 333.5% in the 4th quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock valued at $4,874,000 after purchasing an additional 739,506 shares in the last quarter. LPL Financial LLC increased its stake in shares of Oxford Lane Capital by 42.7% in the 4th quarter. LPL Financial LLC now owns 897,345 shares of the investment management company’s stock valued at $4,550,000 after purchasing an additional 268,631 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Oxford Lane Capital by 905.9% in the 4th quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company’s stock valued at $2,379,000 after purchasing an additional 422,593 shares in the last quarter. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Stock Down 0.7%

Shares of Oxford Lane Capital stock opened at $4.08 on Friday. Oxford Lane Capital Corp. has a twelve month low of $3.91 and a twelve month high of $5.68. The business has a 50-day moving average price of $4.52 and a 200 day moving average price of $4.81. The firm has a market cap of $1.85 billion, a PE ratio of 4.92 and a beta of 0.81.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be paid a $0.09 dividend. The ex-dividend date is Thursday, July 17th. Oxford Lane Capital’s dividend payout ratio is presently 130.12%.

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.