Merkkuri Wealth Advisors LLC Has $62,000 Position in Oxford Lane Capital Corp. (NASDAQ:OXLC)

Merkkuri Wealth Advisors LLC boosted its holdings in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 20.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,188 shares of the investment management company’s stock after purchasing an additional 2,100 shares during the period. Merkkuri Wealth Advisors LLC’s holdings in Oxford Lane Capital were worth $62,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Oxford Lane Capital during the second quarter worth approximately $1,708,000. Rockefeller Capital Management L.P. acquired a new position in Oxford Lane Capital in the third quarter worth $777,000. Border to Coast Pensions Partnership Ltd grew its holdings in shares of Oxford Lane Capital by 31.7% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock worth $9,373,000 after purchasing an additional 445,000 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Oxford Lane Capital by 75.9% in the third quarter. HighTower Advisors LLC now owns 23,232 shares of the investment management company’s stock valued at $121,000 after buying an additional 10,026 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Oxford Lane Capital in the third quarter valued at about $625,000. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Stock Up 0.6 %

Shares of NASDAQ:OXLC opened at $5.12 on Friday. Oxford Lane Capital Corp. has a 12 month low of $4.95 and a 12 month high of $5.78. The firm has a market cap of $1.77 billion, a P/E ratio of 3.66 and a beta of 1.15. The company’s 50-day moving average price is $5.16 and its two-hundred day moving average price is $5.28.

Oxford Lane Capital Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 20th will be issued a $0.09 dividend. This represents a dividend yield of 21.26%. The ex-dividend date is Friday, January 17th. Oxford Lane Capital’s dividend payout ratio is currently 74.29%.

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.