Alpine Global Management LLC Reduces Stock Position in Oxford Lane Capital Corp. $OXLC

Alpine Global Management LLC decreased its position in Oxford Lane Capital Corp. (NASDAQ:OXLC) by 88.3% in the 4th quarter, HoldingsChannel reports. The firm owned 25,926 shares of the investment management company’s stock after selling 196,296 shares during the period. Alpine Global Management LLC’s holdings in Oxford Lane Capital were worth $380,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OXLC. Camelot Portfolios LLC acquired a new position in Oxford Lane Capital in the 4th quarter valued at $29,000. Sound Income Strategies LLC purchased a new stake in Oxford Lane Capital in the 4th quarter valued at about $37,000. Sunbelt Securities Inc. increased its stake in shares of Oxford Lane Capital by 377.2% during the 4th quarter. Sunbelt Securities Inc. now owns 3,827 shares of the investment management company’s stock valued at $56,000 after acquiring an additional 3,025 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Oxford Lane Capital by 889.8% during the 4th quarter. Wells Fargo & Company MN now owns 4,474 shares of the investment management company’s stock valued at $65,000 after acquiring an additional 4,022 shares during the last quarter. Finally, Chesapeake Asset Management LLC acquired a new position in shares of Oxford Lane Capital during the 4th quarter valued at about $69,000. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Lane Capital Price Performance

Shares of OXLC stock opened at $8.32 on Friday. The firm’s 50-day simple moving average is $9.77 and its 200-day simple moving average is $11.11. Oxford Lane Capital Corp. has a 1-year low of $8.01 and a 1-year high of $21.15. The firm has a market cap of $754.10 million, a P/E ratio of 1.29 and a beta of 0.63.

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) annualized dividend and a yield of 28.8%. Oxford Lane Capital’s dividend payout ratio is 63.47%.

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.