Oxford Lane Capital Corp (NASDAQ:OXLC) Director John Stuart Reardon Acquires 3,000 Shares

Oxford Lane Capital Corp (NASDAQ:OXLC) Director John Stuart Reardon purchased 3,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was acquired at an average price of $9.85 per share, with a total value of $29,550.00. Following the completion of the acquisition, the director now directly owns 3,000 shares in the company, valued at approximately $29,550. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

NASDAQ:OXLC traded up $0.18 on Friday, reaching $9.86. The stock had a trading volume of 933,453 shares, compared to its average volume of 535,922. The company has a 50-day moving average of $10.22 and a 200 day moving average of $10.25. Oxford Lane Capital Corp has a 12-month low of $7.35 and a 12-month high of $11.05.

Oxford Lane Capital (NASDAQ:OXLC) last issued its earnings results on Thursday, August 1st. The investment management company reported $0.43 earnings per share (EPS) for the quarter. The company had revenue of $27.30 million during the quarter.

OXLC has been the subject of several analyst reports. Zacks Investment Research upgraded Oxford Lane Capital from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Tuesday, August 13th. BidaskClub downgraded Oxford Lane Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 10th.

Institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. bought a new stake in Oxford Lane Capital during the second quarter worth approximately $34,000. Tower Research Capital LLC TRC boosted its stake in Oxford Lane Capital by 222.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,135 shares of the investment management company’s stock worth $42,000 after purchasing an additional 2,852 shares during the period. Capital Investment Advisory Services LLC lifted its position in Oxford Lane Capital by 130.3% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 5,303 shares of the investment management company’s stock worth $57,000 after buying an additional 3,000 shares in the last quarter. NEXT Financial Group Inc purchased a new stake in Oxford Lane Capital in the 2nd quarter worth approximately $75,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Oxford Lane Capital during the 2nd quarter valued at $152,000.

About Oxford Lane Capital

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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