GatePass Capital LLC Sells 52,200 Shares of Oxford Lane Capital Corp. $OXLC

GatePass Capital LLC cut its position in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 55.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,600 shares of the investment management company’s stock after selling 52,200 shares during the period. GatePass Capital LLC’s holdings in Oxford Lane Capital were worth $624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Camelot Portfolios LLC bought a new position in Oxford Lane Capital in the fourth quarter worth approximately $29,000. Sound Income Strategies LLC bought a new stake in shares of Oxford Lane Capital during the fourth quarter valued at approximately $37,000. Chesapeake Asset Management LLC acquired a new position in shares of Oxford Lane Capital during the fourth quarter worth approximately $69,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of Oxford Lane Capital by 4,377.5% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 4,970 shares of the investment management company’s stock worth $73,000 after purchasing an additional 4,859 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in shares of Oxford Lane Capital in the 4th quarter worth $77,000. 6.74% of the stock is owned by institutional investors.

Oxford Lane Capital Stock Performance

NASDAQ OXLC opened at $9.63 on Tuesday. The company has a market cap of $872.83 million, a P/E ratio of 2.11 and a beta of 0.64. The company has a fifty day simple moving average of $9.68 and a 200 day simple moving average of $11.75. Oxford Lane Capital Corp. has a 12-month low of $8.01 and a 12-month high of $22.70.

Oxford Lane Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.20 per share. This represents a c) dividend on an annualized basis and a dividend yield of 24.9%. The ex-dividend date is Wednesday, September 16th.

Oxford Lane Capital 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.