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)

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!