Steven Bavaria
Long only, closed-end funds, deep value, long-term horizon

Oxford Lane Capital's Price Pops Above $17, Vindicating Management's Recent Capital Increase

Oxford Lane Capital Corp. (NASDAQ:OXLC) just announced its results for the first quarter of 2014 and the market sure seemed to like it, with the stock jumping to $17.37 as we go to press, the first time it's closed above $17 since the recent stockholder rights offering and capital raising (both at $17) back in March.

The rise back above the $17 mark is a bit of a vindication for OXLC management, which was criticized by some stockholders for selling additional shares at $17 about a week after a shareholder rights issue - also priced at $17 - that was oversubscribed. Shareholders thought they were getting a bit of a bargain price at $17, only to see their...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details