BI Asset Management Fondsmaeglerselskab A S Sells 49,401 Shares of Oxford Lane Capital Corp. $OXLC

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 79.5% in the 3rd quarter, Holdings Channel reports. The fund owned 12,763 shares of the investment management company’s stock after selling 49,401 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Oxford Lane Capital were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of OXLC. Envestnet Asset Management Inc. increased its stake in Oxford Lane Capital by 142.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 210,520 shares of the investment management company’s stock worth $3,564,000 after purchasing an additional 123,808 shares in the last quarter. WPG Advisers LLC boosted its holdings in shares of Oxford Lane Capital by 87.5% in the third 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. North Ground Capital bought a new stake in shares of Oxford Lane Capital during the third quarter worth $6,771,000. GatePass Capital LLC raised its holdings in shares of Oxford Lane Capital by 50.7% during the third quarter. GatePass Capital LLC now owns 94,800 shares of the investment management company’s stock worth $1,605,000 after acquiring an additional 31,900 shares during the period. Finally, National Wealth Management Group LLC bought a new stake in Oxford Lane Capital in the 2nd quarter valued at $53,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Trading Down 1.2%

Shares of NASDAQ OXLC opened at $10.98 on Tuesday. The company has a fifty day moving average price of $14.03 and a 200 day moving average price of $15.62. The firm has a market cap of $995.19 million, a PE ratio of 1.61 and a beta of 0.73. Oxford Lane Capital Corp. has a 1-year low of $10.80 and a 1-year high of $25.95.

Oxford Lane Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, June 16th. This represents a c) dividend on an annualized basis and a dividend yield of 21.9%.

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.