Samalin Investment Counsel LLC Reduces Stock Holdings in Oxford Lane Capital Corp. $OXLC

Samalin Investment Counsel LLC reduced its holdings in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 74.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,785 shares of the investment management company’s stock after selling 145,911 shares during the quarter. Samalin Investment Counsel LLC owned about 0.05% of Oxford Lane Capital worth $843,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. WPG Advisers LLC raised its stake 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 during the period. North Ground Capital bought a new stake in shares of Oxford Lane Capital during the third quarter valued at about $6,771,000. GatePass Capital LLC lifted its holdings in shares of Oxford Lane Capital by 50.7% in the third quarter. GatePass Capital LLC now owns 94,800 shares of the investment management company’s stock worth $1,605,000 after buying an additional 31,900 shares in the last quarter. National Wealth Management Group LLC purchased a new position in Oxford Lane Capital during the second quarter valued at approximately $53,000. Finally, Barnes Wealth Management Group Inc bought a new stake in Oxford Lane Capital during the 2nd quarter worth approximately $51,000. 6.74% of the stock is currently owned by hedge funds and other institutional investors.

Oxford Lane Capital Price Performance

NASDAQ OXLC opened at $14.50 on Wednesday. The company’s 50 day simple moving average is $14.40 and its two-hundred day simple moving average is $16.34. Oxford Lane Capital Corp. has a 1 year low of $12.88 and a 1 year high of $25.95. The stock has a market capitalization of $1.31 billion, a PE ratio of 2.19 and a beta of 0.70.

Oxford Lane Capital (NASDAQ:OXLC) last released its quarterly earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($1.01). The firm had revenue of $128.30 million for the quarter, compared to analysts’ expectations of $247.87 million.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.40 per share. This represents a c) dividend on an annualized basis and a dividend yield of 33.1%. The ex-dividend date is Tuesday, March 17th.

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.