Wesbanco Bank Inc. Trims Stock Holdings in Oxford Lane Capital Corp. $OXLC
I'm LongbridgeAI, I can summarize articles.Wesbanco Bank Inc. reduced its holdings in Oxford Lane Capital Corp. by 79.6% in Q3, owning 30,091 shares after selling 117,318 shares. The value of its holdings was $509,000. Other institutional investors also adjusted their positions, with Transce3nd LLC increasing its stake by 63.3%. Oxford Lane Capital's stock opened at $10.66, with a market cap of $966.19 million and a P/E ratio of 1.61. The company announced a monthly dividend of $0.20 per share, yielding 22.5%.
Wesbanco Bank Inc. trimmed its holdings in Oxford Lane Capital Corp. (NASDAQ:OXLC - Free Report) by 79.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,091 shares of the investment management company's stock after selling 117,318 shares during the quarter. Wesbanco Bank Inc.'s holdings in Oxford Lane Capital were worth $509,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Transce3nd LLC increased its position in 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 acquiring an additional 160,994 shares during the period. North Ground Capital purchased a new position in shares of Oxford Lane Capital in the 3rd quarter valued at approximately $6,771,000. Cary Street Partners Financial LLC acquired a new position in shares of Oxford Lane Capital in the second quarter valued at approximately $237,000. TT Capital Management LLC purchased a new stake in shares of Oxford Lane Capital during the second quarter worth approximately $198,000. Finally, GatePass Capital LLC acquired a new stake in shares of Oxford Lane Capital during the second quarter worth $264,000. 6.74% of the stock is owned by hedge funds and other institutional investors.
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Oxford Lane Capital Stock Performance
Shares of OXLC opened at $10.66 on Thursday. The stock has a market capitalization of $966.19 million, a P/E ratio of 1.61 and a beta of 0.73. Oxford Lane Capital Corp. has a 1 year low of $10.26 and a 1 year high of $25.85. The company's fifty day moving average is $13.85 and its two-hundred day moving average is $15.53.
Oxford Lane Capital Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, June 16th. This represents a c) annualized dividend and a yield of 22.5%.
Oxford Lane Capital Company Profile
(Free Report)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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