Selz Capital LLC Takes $1.63 Million Position in Oxford Lane Capital Corp (NASDAQ:OXLC)
Selz Capital LLC bought a new stake in shares of Oxford Lane Capital Corp (NASDAQ:OXLC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 200,000 shares of the investment management company’s stock, valued at approximately $1,632,000. Selz Capital LLC owned approximately 0.39% of Oxford Lane Capital at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in shares of Oxford Lane Capital by 222.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,135 shares of the investment management company’s stock valued at $42,000 after acquiring an additional 2,852 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Oxford Lane Capital in the second quarter worth about $152,000. Mutual Advisors LLC acquired a new position in Oxford Lane Capital in the second quarter worth about $189,000. Atria Investments LLC acquired a new position in Oxford Lane Capital in the second quarter worth about $198,000. Finally, Wells Fargo & Company MN grew its stake in Oxford Lane Capital by 11.2% in the second quarter. Wells Fargo & Company MN now owns 32,761 shares of the investment management company’s stock worth $330,000 after purchasing an additional 3,294 shares in the last quarter.
OXLC has been the subject of a number of research reports. BidaskClub upgraded Oxford Lane Capital from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research downgraded Oxford Lane Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th.
The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 18.18%. The ex-dividend date of this dividend is Thursday, January 16th.
In related news, CEO Jonathan H. Cohen purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average price of $25.48 per share, with a total value of $509,600.00. Following the acquisition, the chief executive officer now owns 210,000 shares in the company, valued at approximately $5,350,800. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Oxford Lane Capital Profile
Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.
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