Oxford Lane Capital Corp. $OXLC Shares Sold by Founders Financial Alliance LLC

Key Points

• Founders Financial Alliance cut its stake in Oxford Lane Capital in the third quarter by 76.8%, selling 173,171 shares and leaving it with 52,407 shares (~0.06% of OXLC) worth about $887,000.
• Oxford Lane announced a monthly dividend of $0.20 (record date June 16, payable June 30), which implies an annualized yield of roughly 24.4%.
• The stock opened at $9.82 (its 52-week low) with a market cap around $890M, a PE of 1.57, and 50-/200-day SMAs of $13.56 and $15.34, indicating a notable discount to recent averages.

Founders Financial Alliance LLC cut its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 76.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,407 shares of the investment management company's stock after selling 173,171 shares during the quarter. Founders Financial Alliance LLC owned approximately 0.06% of Oxford Lane Capital worth $887,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OXLC. Transce3nd LLC lifted its position 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 worth $1,744,000 after purchasing an additional 160,994 shares during the last quarter. North Ground Capital acquired a new stake in Oxford Lane Capital in the third quarter valued at $6,771,000. Cary Street Partners Financial LLC purchased a new stake in Oxford Lane Capital during the 2nd quarter worth about $237,000. TT Capital Management LLC acquired a new position in shares of Oxford Lane Capital during the 2nd quarter worth about $198,000. Finally, GatePass Capital LLC purchased a new position in shares of Oxford Lane Capital in the 2nd quarter valued at about $264,000. Institutional investors and hedge funds own 6.74% of the company's stock.

Oxford Lane Capital Stock Performance

Shares of NASDAQ OXLC opened at $9.82 on Tuesday. The stock's 50-day simple moving average is $13.56 and its 200-day simple moving average is $15.34. The firm has a market capitalization of $890.06 million, a PE ratio of 1.57 and a beta of 0.73. Oxford Lane Capital Corp. has a fifty-two week low of $9.82 and a fifty-two week high of $25.60.

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $0.20 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 24.4%. The ex-dividend date of this dividend is Tuesday, June 16th.

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.

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