Oxford Lane Capital Corp. (NASDAQ:OXLC) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 50.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,754 shares of the investment management company’s stock after selling 17,265 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Oxford Lane Capital were worth $85,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in OXLC. Choreo LLC bought a new position in shares of Oxford Lane Capital in the 4th quarter worth about $51,000. Walkner Condon Financial Advisors LLC bought a new position in shares of Oxford Lane Capital in the 4th quarter worth about $51,000. Lewis Asset Management LLC bought a new position in shares of Oxford Lane Capital in the 4th quarter worth about $51,000. Titleist Asset Management LLC bought a new position in shares of Oxford Lane Capital in the 4th quarter worth about $51,000. Finally, Stifel Financial Corp bought a new position in shares of Oxford Lane Capital in the 4th quarter worth about $54,000. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Stock Performance

Oxford Lane Capital stock opened at $4.88 on Friday. The firm’s 50-day moving average is $4.61 and its 200-day moving average is $4.96. Oxford Lane Capital Corp. has a 1 year low of $3.91 and a 1 year high of $5.78. The company has a market cap of $1.69 billion, a P/E ratio of 5.88 and a beta of 0.75.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were given a $0.09 dividend. The ex-dividend date was Wednesday, April 16th. This represents a dividend yield of 24.43%. Oxford Lane Capital’s payout ratio is currently 128.92%.

About Oxford Lane Capital

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.