Alpine Global Management LLC Purchases New Shares in Oxford Lane Capital Corp. $OXLC

Alpine Global Management LLC purchased a new position 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 purchased 222,222 shares of the investment management company’s stock, valued at approximately $3,762,000. Alpine Global Management LLC owned approximately 0.25% of Oxford Lane Capital as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. WPG Advisers LLC grew its position in shares of Oxford Lane Capital by 87.5% in the third quarter. WPG Advisers LLC now owns 2,620 shares of the investment management company’s stock valued at $44,000 after purchasing an additional 1,223 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Oxford Lane Capital by 25.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 20,000 shares of the investment management company’s stock worth $84,000 after purchasing an additional 4,000 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Oxford Lane Capital by 17.9% during the 1st quarter. NewEdge Advisors LLC now owns 29,326 shares of the investment management company’s stock worth $138,000 after purchasing an additional 4,462 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Oxford Lane Capital in the 3rd quarter valued at about $109,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in Oxford Lane Capital in the 2nd quarter worth about $32,000. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Trading Down 3.4%

NASDAQ:OXLC opened at $8.25 on Wednesday. Oxford Lane Capital Corp. has a 12 month low of $8.01 and a 12 month high of $24.90. The stock has a 50 day moving average of $11.22 and a two-hundred day moving average of $14.04. The firm has a market cap of $747.76 million, a P/E ratio of 1.26 and a beta of 0.78.

Oxford Lane Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.20 per share. This represents a c) annualized dividend and a dividend yield of 29.1%. The ex-dividend date is Tuesday, June 16th.

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.