Oxford Lane Capital (OXLCO) to Release Earnings on Tuesday

Oxford Lane Capital (NASDAQ:OXLCOGet Free Report) is expected to post its results before the market opens on Tuesday, May 12th. Analysts expect Oxford Lane Capital to post earnings of $2.26 per share and revenue of $244.2660 million for the quarter.

Oxford Lane Capital Stock Performance

OXLCO traded up $0.17 during trading on Tuesday, hitting $23.82. The stock had a trading volume of 211 shares, compared to its average volume of 2,485. The company has a 50 day moving average price of $23.47 and a 200-day moving average price of $23.46. Oxford Lane Capital has a one year low of $22.58 and a one year high of $24.01.

Institutional Trading of Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. bought a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCOFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital accounts for approximately 2.5% of Karpus Management Inc.’s portfolio, making the stock its 14th biggest holding.

About Oxford Lane Capital

(Get Free Report)

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.

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