Merkkuri Wealth Advisors LLC Acquires New Stake in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Merkkuri Wealth Advisors LLC bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,088 shares of the investment management company’s stock, valued at approximately $53,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Precision Wealth Strategies LLC acquired a new position in shares of Oxford Lane Capital in the third quarter valued at approximately $52,000. Marks Wealth LLC purchased a new position in shares of Oxford Lane Capital during the 3rd quarter worth $53,000. Foundations Investment Advisors LLC acquired a new stake in shares of Oxford Lane Capital during the third quarter worth $64,000. Freestate Advisors LLC purchased a new stake in shares of Oxford Lane Capital in the third quarter valued at $72,000. Finally, Hartline Investment Corp purchased a new stake in shares of Oxford Lane Capital in the first quarter valued at $74,000. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Lane Capital Trading Up 1.3 %

Shares of NASDAQ:OXLC opened at $5.26 on Friday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 5.21 and a beta of 1.15. The stock’s 50-day moving average price is $5.27 and its two-hundred day moving average price is $5.33. Oxford Lane Capital Corp. has a 12-month low of $4.41 and a 12-month high of $5.78.

Oxford Lane Capital (NASDAQ:OXLC) last released its earnings results on Friday, July 26th. The investment management company reported $0.41 earnings per share (EPS) for the quarter. The company had revenue of $89.80 million during the quarter.

Oxford Lane Capital Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be issued a $0.09 dividend. The ex-dividend date is Thursday, October 17th. This represents a dividend yield of 20.73%. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 100.00%.

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.