Naviter Wealth LLC Sells 20,152 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC)

Naviter Wealth LLC reduced its position in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 43.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,781 shares of the investment management company’s stock after selling 20,152 shares during the quarter. Naviter Wealth LLC’s holdings in Oxford Lane Capital were worth $127,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Penserra Capital Management LLC grew its stake in shares of Oxford Lane Capital by 13.2% in the third quarter. Penserra Capital Management LLC now owns 2,825,664 shares of the investment management company’s stock worth $14,100,000 after purchasing an additional 328,744 shares during the last quarter. Virtus ETF Advisers LLC increased its stake in shares of Oxford Lane Capital by 100.9% during the third quarter. Virtus ETF Advisers LLC now owns 221,206 shares of the investment management company’s stock valued at $1,104,000 after buying an additional 111,096 shares during the period. Samalin Investment Counsel LLC lifted its stake in Oxford Lane Capital by 30.5% in the third quarter. Samalin Investment Counsel LLC now owns 104,073 shares of the investment management company’s stock worth $519,000 after acquiring an additional 24,299 shares during the period. J.W. Cole Advisors Inc. purchased a new position in Oxford Lane Capital during the 3rd quarter valued at $119,000. Finally, Calton & Associates Inc. purchased a new stake in shares of Oxford Lane Capital in the 3rd quarter worth about $101,000. 6.74% of the stock is currently owned by institutional investors.

Oxford Lane Capital Stock Performance

Shares of OXLC opened at $4.99 on Wednesday. Oxford Lane Capital Corp. has a 1-year low of $4.41 and a 1-year high of $5.70. The firm has a market capitalization of $780.44 million, a price-to-earnings ratio of 4.94 and a beta of 1.17. The firm’s 50-day moving average price is $5.07 and its 200-day moving average price is $5.03.

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.