Oxford Lane Capital (NASDAQ:OXLC) Posts Earnings Results

Oxford Lane Capital (NASDAQ:OXLC) posted its earnings results on Monday. The investment management company reported $1.24 EPS for the quarter, Zacks reports.

Oxford Lane Capital Stock Up 2.5%

Shares of OXLC stock opened at $15.57 on Monday. The stock has a market capitalization of $1.41 billion, a PE ratio of 3.75 and a beta of 0.79. Oxford Lane Capital has a 52-week low of $14.49 and a 52-week high of $27.44. The stock’s 50-day moving average price is $16.93 and its 200 day moving average price is $19.46.

Hedge Funds Weigh In On Oxford Lane Capital

Several institutional investors have recently added to or reduced their stakes in OXLC. Jane Street Group LLC boosted its holdings in Oxford Lane Capital by 1,520.4% in the 2nd quarter. Jane Street Group LLC now owns 594,696 shares of the investment management company’s stock valued at $2,498,000 after purchasing an additional 557,996 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Oxford Lane Capital during the 2nd quarter worth approximately $697,000. Tower Research Capital LLC TRC purchased a new stake in shares of Oxford Lane Capital during the 2nd quarter worth approximately $187,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Oxford Lane Capital during the 2nd quarter worth approximately $95,000. Finally, Cetera Investment Advisers boosted its stake in shares of Oxford Lane Capital by 18.3% during the 2nd quarter. Cetera Investment Advisers now owns 132,074 shares of the investment management company’s stock worth $555,000 after acquiring an additional 20,411 shares in the last quarter. Institutional investors and hedge funds own 6.74% of the company’s stock.

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.