J.W. Cole Advisors Inc. Lowers Position in Oxford Lane Capital Corp. $OXLC

J.W. Cole Advisors Inc. trimmed its position in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 78.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,356 shares of the investment management company’s stock after selling 535,979 shares during the period. J.W. Cole Advisors Inc. owned 0.16% of Oxford Lane Capital worth $2,478,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings in shares of Oxford Lane Capital by 1,520.4% during the 2nd quarter. Jane Street Group LLC now owns 594,696 shares of the investment management company’s stock valued at $2,498,000 after buying an additional 557,996 shares in the last quarter. North Ground Capital purchased a new position in Oxford Lane Capital during the 3rd quarter valued at about $6,771,000. Jump Financial LLC bought a new stake in Oxford Lane Capital during the second quarter worth about $697,000. Transce3nd LLC grew its holdings in Oxford Lane Capital by 63.3% in the second quarter. Transce3nd LLC now owns 415,326 shares of the investment management company’s stock worth $1,744,000 after purchasing an additional 160,994 shares during the period. Finally, Wedbush Securities Inc. increased its stake in shares of Oxford Lane Capital by 11.1% during the second quarter. Wedbush Securities Inc. now owns 1,516,297 shares of the investment management company’s stock valued at $6,368,000 after purchasing an additional 152,083 shares in the last quarter. Hedge funds and other institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

OXLC stock opened at $11.11 on Friday. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 1.67 and a beta of 0.73. The firm has a 50 day moving average price of $14.11 and a 200-day moving average price of $15.72. Oxford Lane Capital Corp. has a 52-week low of $10.82 and a 52-week high of $25.95.

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

Oxford Lane Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.20 per share. This represents a c) dividend on an annualized basis and a yield of 21.6%. The ex-dividend date is Tuesday, June 16th.

About Oxford Lane Capital

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.