Oxford Lane Capital (NASDAQ:OXLC) Reaches New 1-Year Low – Here’s What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s stock price hit a new 52-week low on Thursday. The company traded as low as $6.49 and last traded at $6.4950, with a volume of 118,776 shares traded. The stock had previously closed at $6.58.

Oxford Lane Capital Stock Performance

The company has a market capitalization of $645.53 million, a PE ratio of 0.95 and a beta of 0.68. The company’s 50-day simple moving average is $8.77 and its 200-day simple moving average is $9.62.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Tuesday, July 28th. The investment management company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($1.31). The business had revenue of $166.25 million for the quarter, compared to the consensus estimate of $244.27 million.

Institutional Trading of Oxford Lane Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brian Low Financial Group LLC acquired a new stake in Oxford Lane Capital during the 3rd quarter worth approximately $126,000. Choreo LLC purchased a new position in shares of Oxford Lane Capital in the 3rd quarter valued at approximately $116,000. Park Avenue Securities LLC grew its stake in shares of Oxford Lane Capital by 12.5% in the 3rd quarter. Park Avenue Securities LLC now owns 13,644 shares of the investment management company’s stock valued at $123,000 after purchasing an additional 1,516 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Oxford Lane Capital by 268.7% in the second quarter. Envestnet Asset Management Inc. now owns 83,655 shares of the investment management company’s stock valued at $733,000 after purchasing an additional 60,965 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Oxford Lane Capital in the second quarter valued at approximately $35,000. 6.74% of the stock is owned by hedge funds and other institutional investors.

About Oxford Lane Capital

Oxford Lane Capital Corp. (NASDAQ: OXLC) is a closed-end management investment company focused primarily on investments in collateralized loan obligations (CLOs). CLOs are structured credit vehicles that typically hold portfolios of senior secured corporate loans and issue multiple classes of debt and equity securities with different levels of risk and return.

The company invests mainly in CLO equity and subordinated debt tranches, as well as selected senior secured loan and other corporate credit investments.