Oxford Lane Capital (NASDAQ:OXLC) Sets New 52-Week Low - Here's Why

Key Points

• New 52-week low: OXLC fell to $14.26 (last $14.34) on heavy volume and is trading below its 50- and 200-day moving averages ($16.33 and $19.06), with a market cap of roughly $1.30 billion and a P/E of 2.22.
• Earnings and revenue miss: The company reported $1.24 EPS vs. $2.25 expected and revenue of $128.3M versus $247.9M estimated, signaling weaker-than-anticipated results.
• Generous monthly dividend: Oxford Lane declared a $0.40 monthly dividend (record/ ex-dividend date March 17; payable March 31), implying an annualized yield of about 33.4%.

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $14.26 and last traded at $14.3370, with a volume of 742157 shares traded. The stock had previously closed at $14.91.

Oxford Lane Capital Price Performance

The company has a market cap of $1.30 billion, a P/E ratio of 2.22 and a beta of 0.79. The stock's 50-day moving average price is $16.33 and its 200-day moving average price is $19.06.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last released its earnings results on Wednesday, November 5th. The investment management company reported $1.24 EPS for the quarter, missing the consensus estimate of $2.25 by ($1.01). The company had revenue of $128.30 million during the quarter, compared to analyst estimates of $247.87 million.

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.40 dividend. This represents a c) dividend on an annualized basis and a yield of 33.4%. The ex-dividend date of this dividend is Tuesday, March 17th.

Institutional Trading of Oxford Lane Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. WPG Advisers LLC raised its position in Oxford Lane Capital by 87.5% in the third quarter. WPG Advisers LLC now owns 2,620 shares of the investment management company's stock worth $44,000 after purchasing an additional 1,223 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Oxford Lane Capital by 3.8% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 62,164 shares of the investment management company's stock worth $293,000 after purchasing an additional 2,254 shares in the last quarter. Aptus Capital Advisors LLC grew its position in Oxford Lane Capital by 2.0% in the 1st quarter. Aptus Capital Advisors LLC now owns 133,973 shares of the investment management company's stock worth $632,000 after purchasing an additional 2,599 shares in the last quarter. Capital CS Group LLC lifted its position in shares of Oxford Lane Capital by 6.5% during the second quarter. Capital CS Group LLC now owns 45,587 shares of the investment management company's stock worth $191,000 after acquiring an additional 2,785 shares in the last quarter. Finally, Fermata Advisors LLC raised its holdings in shares of Oxford Lane Capital by 7.2% in the 2nd quarter. Fermata Advisors LLC now owns 43,295 shares of the investment management company's stock valued at $182,000 after acquiring an additional 2,912 shares in the last quarter. Hedge funds and other institutional investors own 6.74% of the company's stock.

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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