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

Recommended Reading:

Nantahala Capital Management Buys Into Scientific Learning Corporation (SCIL)

Forward Management Discloses Moves Into Stag Industrial Inc (STAG) and Armada Hoffler Properties Inc (AHH)

Accipiter Capital Management Trims Stake in Triple-S Management Corp. (GTS)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!