Oxford Lane Capital Corp. $OXLC Stock Holdings Lessened by Triumph Capital Management

Key Points

• Triumph Capital slashed its stake in Oxford Lane by 97.9% in Q3, selling 432,429 shares and leaving just 9,350 shares valued at about $158,000.
• Other institutions either added or opened positions (e.g., WPG Advisers up 87.5%; new stakes from BNP Paribas, JPMorgan, Ferguson Shapiro), with total institutional ownership at 6.74%.
• Oxford Lane declared a monthly dividend of $0.20 per share (record date June 16, payable June 30), implying a 28.1% yield

Triumph Capital Management lessened its holdings in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 97.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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.

Other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC boosted its position in 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 during the period. BNP Paribas Financial Markets bought a new stake in Oxford Lane Capital in the 3rd quarter valued at about $109,000. Cary Street Partners Investment Advisory LLC bought a new position in Oxford Lane Capital in the 2nd quarter worth about $32,000. JPMorgan Chase & Co. acquired a new stake in shares of Oxford Lane Capital in the third quarter valued at approximately $146,000. Finally, Ferguson Shapiro LLC bought a new stake in shares of Oxford Lane Capital during the third quarter valued at approximately $201,000. 6.74% of the stock is owned by institutional investors.

Oxford Lane Capital Price Performance

Shares of OXLC stock opened at $8.55 on Friday. Oxford Lane Capital Corp. has a 12-month low of $8.01 and a 12-month high of $24.90. The firm has a market capitalization of $774.95 million, a price-to-earnings ratio of 1.26 and a beta of 0.78. The business has a 50 day simple moving average of $10.97 and a 200 day simple moving average of $13.96.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.20 per share. This represents a c) dividend on an annualized basis and a dividend yield of 28.1%. The ex-dividend date 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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