Oxford Lane Capital Corp (OXLC) : Selz Capital reduced its stake in Oxford Lane Capital Corp by 0.38% during the most recent quarter end. The investment management company now holds a total of 968,632 shares of Oxford Lane Capital Corp which is valued at $8,785,492 after selling 3,685 shares in Oxford Lane Capital Corp , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Oxford Lane Capital Corp makes up approximately 2.40% of Selz Capital’s portfolio.
Other Hedge Funds, Including , Creative Planning reduced its stake in OXLC by selling 5,322 shares or 69.82% in the most recent quarter. The Hedge Fund company now holds 2,300 shares of OXLC which is valued at $20,746.
Oxford Lane Capital Corp opened for trading at $9.1 and hit $9.2 on the upside on Wednesday, eventually ending the session at $9.1599, with a gain of 0.55% or 0.0499 points. The heightened volatility saw the trading volume jump to 44,632 shares. Company has a market cap of $18 M.
Many Wall Street Analysts have commented on Oxford Lane Capital Corp. Oxford Lane Capital Corp was Downgraded by Maxim Group to ” Sell” on May 26, 2016.
Oxford Lane Capital Corp. is a non-diversified closed-end management investment company. The Fund’s investment objective is to maximize its portfolio’s risk adjusted total return. The Company’s focus is to seek that return by investing in structured finance investments specifically collateralized loan obligation (CLO) vehicles which primarily own senior secured corporate loans. Its investment strategy also includes investing in warehouse facilities which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle. It may also invest on an opportunistic basis in corporate debt securities on a direct basis and a range of other corporate credits. It makes purchasing in both the primary and secondary markets the income notes and subordinated notes and junior debt tranches of various CLO vehicles and the equity tranches of various warehouse facilities. Oxford Lane Management LLC (OXLC Management) is the investment adviser of the Fund.