Silver Capital Management Lowers stake in Ocean Shore Holding Co (OSHC)

Ocean Shore Holding Co (OSHC) : Silver Capital Management reduced its stake in Ocean Shore Holding Co by 12.9% during the most recent quarter end. The investment management company now holds a total of 63,681 shares of Ocean Shore Holding Co which is valued at $1,137,343 after selling 9,432 shares in Ocean Shore Holding Co , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Ocean Shore Holding Co makes up approximately 6.04% of Silver Capital Management’s portfolio.

Ocean Shore Holding Co closed down -0.06 points or -0.34% at $17.8 with 2,797 shares getting traded on Monday. Post opening the session at $17.8, the shares hit an intraday low of $17.79 and an intraday high of $17.84 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Acadian Asset Management boosted its stake in OSHC in the latest quarter, The investment management firm added 9,343 additional shares and now holds a total of 13,480 shares of Ocean Shore Holding Co which is valued at $237,787.

Ocean Shore Holding Co. is a savings and loan holding company for Ocean City Home Bank (the Bank). The Company is primarily engaged in the business of directing planning and coordinating the business activities of the Bank. The Bank is a federally chartered savings bank that offers a range of financial services to consumers and businesses in its market area. The Bank accepts deposits from the general public small businesses and municipalities and uses those funds to originate a range of consumer and commercial loans which it holds primarily for investment. The Company’s lending products include residential mortgage loans commercial loans and mortgages and home equity and other consumer loans. It also maintains an investment portfolio consisting primarily of mortgage-backed securities to manage its liquidity and interest rate risk. Its loan and investment portfolios are funded with deposits as well as collateralized borrowings from the Federal Home Loan Bank of New York.

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