OXLC President Rosenthal bought 2,960,000 shares at $5.08 on 2024-12-17 for $15,036,800, raising holdings to 5,474,887 shares (+117.7%).
President Saul B. Rosenthal executed a substantial open-market purchase of 2,960,000 shares at $5.08, more than doubling his equity stake from 2,514,887 to 5,474,887 shares. This represents a commitment of $15,036,800 to Oxford Lane Capital Corp. in a single transaction. Notably, Rosenthal's cross-ticker track record shows 2 prior open-market buys with an average 90-day return of +392.6% and a 100.00% win rate, and his prior trades at OXLC (both on 2024-05-28) demonstrated +392.6% 90-day returns. The stock's current price of $25.50 is -10.4% from its 52-week high and has declined -2.9% in 30 days, placing the transaction on a backdrop of recent weakness but well below the post-buy appreciation seen in his prior OXLC trades.