Oxford Lane Capital Corp. $OXLC Position Reduced by Triumph Capital Management

Triumph Capital Management reduced its position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 97.9% in the third quarter, HoldingsChannel.com reports. The firm owned 9,350 shares of the investment management company’s stock after selling 432,429 shares during the period. Triumph Capital Management’s holdings in Oxford Lane Capital were worth $158,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of OXLC. Cary Street Partners Investment Advisory LLC bought a new position in Oxford Lane Capital during the second quarter valued at about $32,000. WPG Advisers LLC boosted its position in shares of Oxford Lane Capital by 87.5% during the 3rd 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 in the last quarter. Barnes Wealth Management Group Inc acquired a new position in shares of Oxford Lane Capital in the 2nd quarter worth approximately $51,000. National Wealth Management Group LLC bought a new stake in shares of Oxford Lane Capital in the 2nd quarter worth approximately $53,000. Finally, XTX Topco Ltd acquired a new stake in Oxford Lane Capital during the second quarter valued at approximately $69,000. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLC opened at $8.55 on Friday. The stock has a market capitalization of $774.95 million, a price-to-earnings ratio of 1.26 and a beta of 0.78. Oxford Lane Capital Corp. has a 1-year low of $8.01 and a 1-year high of $24.90. The company has a 50 day moving average price of $10.97 and a 200 day moving average price of $13.96.

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 paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 28.1%.

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.