Sage Capital Advisors llc Sells 38,044 Shares of Oxford Lane Capital Corp. $OXLC

Sage Capital Advisors llc lessened its position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 57.7% in the third quarter, Holdings Channel.com reports. The firm owned 27,896 shares of the investment management company’s stock after selling 38,044 shares during the period. Sage Capital Advisors llc’s holdings in Oxford Lane Capital were worth $472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its position in shares of Oxford Lane Capital by 92.5% during the second quarter. AdvisorNet Financial Inc now owns 6,198 shares of the investment management company’s stock worth $26,000 after buying an additional 2,979 shares during the period. Ameritas Advisory Services LLC bought a new stake in Oxford Lane Capital in the 2nd quarter valued at approximately $28,000. US Bancorp DE boosted its position in Oxford Lane Capital by 106.1% during the 1st quarter. US Bancorp DE now owns 6,300 shares of the investment management company’s stock worth $30,000 after acquiring an additional 3,243 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in shares of Oxford Lane Capital during the 2nd quarter worth approximately $32,000. Finally, Capital Investment Advisors LLC bought a new position in shares of Oxford Lane Capital during the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Stock Up 2.0%

Shares of OXLC stock opened at $13.91 on Wednesday. Oxford Lane Capital Corp. has a 12 month low of $12.88 and a 12 month high of $25.95. The company’s fifty day simple moving average is $14.92 and its 200-day simple moving average is $17.53. The firm has a market cap of $1.26 billion, a PE ratio of 2.05 and a beta of 0.72.

Oxford Lane Capital (NASDAQ:OXLC) last released its earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.01). The company had revenue of $128.30 million for the quarter, compared to analyst estimates of $247.87 million.

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) annualized dividend and a yield of 34.5%.

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.