Selz Capital Boosts Stake in Oxford Lane Capital Corp (OXLC)

In a filing with Securities and Exchange Commission, Selz Capital, revealed that it holds 965,876 shares of  Oxford Lane Capital Corp (NASDAQ:OXLC), representing 12.01% of common stock of the company. The stake has been boosted significantly from 88,634 shares disclosed by the fund in its latest 13F.

Oxford Lane Capital corp

Oxford Lane Capital Corp. is a closed-end management, investment company, and invests in securitization vehicles. Last month, Oxford Lane Capital Corp (NASDAQ:OXLC), declared a monthly dividend of $0.1771 and $0.15625 per Share on its Series 2017 and Series 2023 Term Preferred Shares, for the months of December 2013, January 2014 and February 2014. Earlier, the company had declared a dividend of $0.60 per common share, for the fourth fiscal quarter, up by $0.05 per share.

Earlier in December, Jeffrey Mark Ashenfelter,  a director of Oxford Lane, purchased 1,000 shares of the company at $17.00 and now holds 10,000 shares of the company. Patrick Conroy, CFO, CCO and Corporate Secretary of the company, has been accumulating the stock of the company and purchased a total of 6,000 shares in several transactions, raising its stake to 30,000 shares.

Selz Capital LLC, with an equity portfolio worth $342.42 million, has invested 32.3% of the portfolio in the service sector, and another chunk of the portfolio representing 28.7%, is invested in basic materials, and 18.9% of its portfolio invested in the financial sector.

Selz Capital Llc has invested 9.71% of its equity portfolio in Macquarie Infrastructure Company LLC (NYSE:MIC), with a long position which amasses 647,586 shares, with a value of $34.67 million. The second largest holding of the fund is Alliance Resource Partners, L.P. (NASDAQ:ARLP), wherein the fund has invested 5.37% of its equity portfolio and owns 267,300 shares. Another company where the company has invested is, Magellan Midstream Partners, L.P. (NYSE:MMP), holding 302,000 shares, worth $17.04 million.

Disclosure: none

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