Allworth Financial LP Reduces Stock Holdings in Oxford Lane Capital Corp. $OXLC

Allworth Financial LP reduced its position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 80.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,068 shares of the investment management company’s stock after selling 76,141 shares during the period. Allworth Financial LP’s holdings in Oxford Lane Capital were worth $323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. WPG Advisers LLC grew its stake in shares of Oxford Lane Capital by 87.5% in the 3rd quarter. WPG Advisers LLC now owns 2,620 shares of the investment management company’s stock valued at $44,000 after buying an additional 1,223 shares during the period. BNP Paribas Financial Markets purchased a new position in Oxford Lane Capital in the third quarter worth approximately $109,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Oxford Lane Capital during the second quarter worth $32,000. JPMorgan Chase & Co. purchased a new stake in Oxford Lane Capital in the third quarter valued at $146,000. Finally, Ferguson Shapiro LLC purchased a new stake in Oxford Lane Capital in the third quarter valued at $201,000. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Stock Up 3.3%

Shares of Oxford Lane Capital stock opened at $9.16 on Thursday. The firm has a market cap of $830.23 million, a PE ratio of 1.26 and a beta of 0.78. Oxford Lane Capital Corp. has a 52 week low of $8.01 and a 52 week high of $24.90. The business’s fifty day simple moving average is $10.50 and its 200-day simple moving average is $13.67.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.20 dividend. This represents a c) annualized dividend and a dividend yield of 26.2%. 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.