Oxford Lane Capital Corp. $OXLC Stock Holdings Lessened by CoreCap Advisors LLC

CoreCap Advisors LLC cut its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 91.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,295 shares of the investment management company’s stock after selling 37,190 shares during the period. CoreCap Advisors LLC’s holdings in Oxford Lane Capital were worth $56,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. AdvisorNet Financial Inc lifted its holdings in Oxford Lane Capital by 92.5% in the second quarter. AdvisorNet Financial Inc now owns 6,198 shares of the investment management company’s stock worth $26,000 after acquiring an additional 2,979 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Oxford Lane Capital during the 2nd quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Oxford Lane Capital in the 2nd quarter worth approximately $32,000. Capital Investment Advisors LLC bought a new stake in shares of Oxford Lane Capital in the 2nd quarter worth approximately $45,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in Oxford Lane Capital during the 2nd quarter valued at approximately $47,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLC opened at $14.92 on Friday. The firm has a market capitalization of $1.35 billion, a PE ratio of 2.17 and a beta of 0.70. Oxford Lane Capital Corp. has a 1-year low of $12.88 and a 1-year high of $25.95. The business’s fifty day moving average price is $14.43 and its two-hundred day moving average price is $16.53.

Oxford Lane Capital (NASDAQ:OXLC) last announced its quarterly earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($1.01). The firm had revenue of $128.30 million for the quarter, compared to the consensus estimate of $247.87 million.

Oxford Lane Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.40 dividend. The ex-dividend date is Tuesday, March 17th. This represents a c) annualized dividend and a yield of 32.2%.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.