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. 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.