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

Samalin Investment Counsel LLC lowered its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 74.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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’s holdings in Oxford Lane Capital were worth $843,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in OXLC. AdvisorNet Financial Inc increased its stake in Oxford Lane Capital by 92.5% in the second quarter. AdvisorNet Financial Inc now owns 6,198 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 2,979 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Oxford Lane Capital in the 2nd quarter worth about $28,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Oxford Lane Capital during the 2nd quarter valued at about $32,000. WPG Advisers LLC increased its position 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 last quarter. Finally, Capital Investment Advisors LLC purchased a new position in shares of Oxford Lane Capital during the 2nd quarter valued at about $45,000. 6.74% of the stock is owned by institutional investors.

Oxford Lane Capital Price Performance

NASDAQ:OXLC opened at $14.50 on Wednesday. Oxford Lane Capital Corp. has a 1-year low of $12.88 and a 1-year high of $25.95. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 2.19 and a beta of 0.70. The business has a 50 day moving average of $14.40 and a 200 day moving average of $16.34.

Oxford Lane Capital (NASDAQ:OXLC) last posted 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 business had revenue of $128.30 million for the quarter, compared to analyst estimates of $247.87 million.

Oxford Lane Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 33.1%.

Oxford Lane Capital 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.