Saul B. Rosenthal Buys 2,315,000 Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) Stock

Oxford Lane Capital Corp. (NASDAQ:OXLCGet Free Report) President Saul B. Rosenthal purchased 2,315,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $5.40 per share, with a total value of $12,501,000.00. Following the transaction, the president now directly owns 2,514,887 shares of the company’s stock, valued at $13,580,389.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Oxford Lane Capital Stock Performance

Oxford Lane Capital stock traded down $0.01 during trading hours on Wednesday, hitting $5.38. 535,737 shares of the stock were exchanged, compared to its average volume of 2,205,519. The stock has a market capitalization of $841.43 million, a P/E ratio of 5.33 and a beta of 1.14. Oxford Lane Capital Corp. has a 12 month low of $4.41 and a 12 month high of $5.70. The business’s 50-day moving average is $5.15 and its two-hundred day moving average is $5.09.

Institutional Trading of Oxford Lane Capital

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in 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 purchasing an additional 5,321 shares during the period. Allworth Financial LP acquired a new stake in Oxford Lane Capital in the fourth quarter worth $46,000. First Horizon Advisors Inc. acquired a new stake in Oxford Lane Capital in the fourth quarter worth $49,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Oxford Lane Capital in the third quarter worth $60,000. Finally, Choreo LLC acquired a new stake in Oxford Lane Capital in the fourth quarter worth $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.

Read More

Receive News & Ratings for Oxford Lane Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital and related companies with MarketBeat.com's FREE daily email newsletter.