Sage Capital Advisors llc Cuts Stock Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Sage Capital Advisors llc decreased its position in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 24.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,913 shares of the investment management company’s stock after selling 21,169 shares during the quarter. Sage Capital Advisors llc’s holdings in Oxford Lane Capital were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of OXLC. Captrust Financial Advisors lifted its position in shares of Oxford Lane Capital by 31.1% during the third quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock worth $71,000 after purchasing an additional 3,229 shares during the last quarter. Capital Investment Advisors LLC grew its position in shares of Oxford Lane Capital by 33.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 14,682 shares of the investment management company’s stock worth $77,000 after buying an additional 3,682 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of Oxford Lane Capital by 16.5% during the third quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company’s stock valued at $143,000 after buying an additional 3,865 shares during the period. Sigma Planning Corp raised its holdings in shares of Oxford Lane Capital by 10.2% in the third quarter. Sigma Planning Corp now owns 69,307 shares of the investment management company’s stock valued at $363,000 after acquiring an additional 6,390 shares in the last quarter. Finally, Joule Financial LLC grew its holdings in Oxford Lane Capital by 53.5% during the 3rd quarter. Joule Financial LLC now owns 18,773 shares of the investment management company’s stock worth $98,000 after acquiring an additional 6,542 shares in the last quarter. 6.74% of the stock is owned by hedge funds and other institutional investors.

Oxford Lane Capital Price Performance

Shares of NASDAQ:OXLC traded down $0.01 during trading hours on Friday, hitting $5.09. The company’s stock had a trading volume of 2,821,497 shares, compared to its average volume of 5,454,119. The firm’s fifty day moving average price is $5.21 and its 200 day moving average price is $5.31. Oxford Lane Capital Corp. has a 52 week low of $4.95 and a 52 week high of $5.78. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 3.64 and a beta of 1.15.

Oxford Lane Capital Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, January 17th. Oxford Lane Capital’s dividend payout ratio is presently 73.57%.

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.