Insider Buying: Oxford Lane Capital Corp. (NASDAQ:OXLC) CEO Buys 4,630,000 Shares of Stock

Oxford Lane Capital Corp. (NASDAQ:OXLCGet Free Report) CEO Jonathan H. Cohen purchased 4,630,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average cost of $5.40 per share, with a total value of $25,002,000.00. Following the completion of the purchase, the chief executive officer now owns 4,864,728 shares of the company’s stock, valued at approximately $26,269,531.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Oxford Lane Capital Stock Down 0.2 %

Oxford Lane Capital stock traded down $0.01 during midday trading on Wednesday, reaching $5.38. 535,737 shares of the stock traded hands, compared to its average volume of 2,205,519. The stock’s fifty day moving average is $5.15 and its 200-day moving average is $5.09. Oxford Lane Capital Corp. has a 12 month low of $4.41 and a 12 month high of $5.70. The stock has a market cap of $841.43 million, a P/E ratio of 5.34 and a beta of 1.14.

Institutional Investors Weigh In On Oxford Lane Capital

Several institutional investors have recently modified their holdings of OXLC. Tower Research Capital LLC TRC raised its holdings in shares of Oxford Lane Capital by 433.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,550 shares of the investment management company’s stock worth $32,000 after buying an additional 5,321 shares during the period. Allworth Financial LP purchased a new stake in shares of Oxford Lane Capital in the fourth quarter worth approximately $46,000. First Horizon Advisors Inc. purchased a new stake in shares of Oxford Lane Capital in the fourth quarter worth approximately $49,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Oxford Lane Capital in the third quarter worth approximately $60,000. Finally, Choreo LLC purchased a new stake in shares of Oxford Lane Capital in the fourth quarter worth approximately $61,000. 6.74% of the stock is owned by institutional investors.

Oxford Lane Capital Company Profile

(Get Free Report)

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.

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