Wesbanco Bank Inc. Cuts Position in Oxford Lane Capital Corp. $OXLC

Wesbanco Bank Inc. reduced its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 79.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,091 shares of the investment management company’s stock after selling 117,318 shares during the period. Wesbanco Bank Inc.’s holdings in Oxford Lane Capital were worth $509,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Transce3nd LLC increased its holdings in shares of Oxford Lane Capital by 63.3% in the 2nd quarter. Transce3nd LLC now owns 415,326 shares of the investment management company’s stock valued at $1,744,000 after purchasing an additional 160,994 shares in the last quarter. North Ground Capital acquired a new position in Oxford Lane Capital during the third quarter worth about $6,771,000. Cary Street Partners Financial LLC purchased a new position in Oxford Lane Capital in the second quarter valued at about $237,000. TT Capital Management LLC acquired a new stake in shares of Oxford Lane Capital during the 2nd quarter valued at approximately $198,000. Finally, GatePass Capital LLC purchased a new stake in shares of Oxford Lane Capital during the 2nd quarter worth approximately $264,000. 6.74% of the stock is owned by institutional investors and hedge funds.

Oxford Lane Capital Price Performance

OXLC opened at $10.66 on Thursday. Oxford Lane Capital Corp. has a 1-year low of $10.26 and a 1-year high of $25.85. The stock has a market cap of $966.19 million, a P/E ratio of 1.61 and a beta of 0.73. The stock’s 50 day simple moving average is $13.85 and its 200 day simple moving average is $15.53.

Oxford Lane Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $0.20 per share. This represents a c) annualized dividend and a dividend yield of 22.5%. The ex-dividend date of this dividend is Tuesday, June 16th.

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.