Oxford Lane Capital Corp. $OXLC Stake Cut by Wedbush Securities Inc.

Wedbush Securities Inc. cut its holdings in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 89.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 165,889 shares of the investment management company’s stock after selling 1,350,408 shares during the quarter. Wedbush Securities Inc. owned 0.18% of Oxford Lane Capital worth $2,809,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. J.W. Cole Advisors Inc. lifted its position in shares of Oxford Lane Capital by 3.4% in the second quarter. J.W. Cole Advisors Inc. now owns 682,335 shares of the investment management company’s stock worth $2,866,000 after purchasing an additional 22,365 shares in the last quarter. Jane Street Group LLC increased its stake in Oxford Lane Capital by 1,520.4% in 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 during the period. Geneos Wealth Management Inc. lifted its position in Oxford Lane Capital by 8.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 579,347 shares of the investment management company’s stock worth $2,433,000 after buying an additional 43,330 shares in the last quarter. North Ground Capital acquired a new stake in shares of Oxford Lane Capital during the 3rd quarter valued at $6,771,000. Finally, Transce3nd LLC boosted its stake in shares of Oxford Lane Capital by 63.3% during the 2nd quarter. Transce3nd LLC now owns 415,326 shares of the investment management company’s stock valued at $1,744,000 after buying an additional 160,994 shares during the period. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Stock Up 0.3%

Oxford Lane Capital stock opened at $10.69 on Friday. Oxford Lane Capital Corp. has a 12 month low of $10.26 and a 12 month high of $25.80. The stock has a market cap of $968.91 million, a P/E ratio of 1.61 and a beta of 0.73. The company’s fifty day simple moving average is $13.75 and its 200-day simple moving average is $15.50.

Oxford Lane Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) dividend on an annualized basis and a dividend yield of 22.5%.

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.