Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.67 and last traded at $4.77, with a volume of 13896819 shares traded. The stock had previously closed at $5.00.
Oxford Lane Capital Trading Down 1.4 %
The company has a market capitalization of $1.65 billion, a P/E ratio of 5.76 and a beta of 1.17. The business’s fifty day moving average price is $5.08 and its 200-day moving average price is $5.19.
Oxford Lane Capital (NASDAQ:OXLC – Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.39).
Oxford Lane Capital Announces Dividend
Institutional Trading of Oxford Lane Capital
Hedge funds have recently added to or reduced their stakes in the business. SWAN Capital LLC bought a new stake in Oxford Lane Capital in the fourth quarter worth $30,000. Lewis Asset Management LLC bought a new stake in Oxford Lane Capital in the fourth quarter worth $51,000. Walkner Condon Financial Advisors LLC bought a new stake in Oxford Lane Capital in the fourth quarter worth $51,000. Choreo LLC bought a new stake in Oxford Lane Capital in the fourth quarter worth $51,000. Finally, Titleist Asset Management LLC purchased a new position in shares of Oxford Lane Capital in the fourth quarter valued at about $51,000. 6.74% of the stock is owned by institutional investors.
Oxford Lane Capital Company Profile
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.
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