Oxford Lane Capital (NASDAQ:OXLC) Hits New 52-Week Low - Should You Sell?

Key Points

• Oxford Lane Capital shares fell to a new 52-week low of $6.49, well below their 50-day and 200-day moving averages, with the stock closing at $6.58 previously.
• The company’s latest quarterly results missed expectations: earnings per share came in at $0.95 versus the $2.26 consensus estimate, while revenue of $166.25 million fell short of analysts’ $244.27 million forecast.
• Institutional ownership stands at 6.74%, with several firms adding or initiating positions recently. Oxford Lane primarily invests in collateralized loan obligations, especially CLO equity and subordinated debt tranches.

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $6.49 and last traded at $6.4950, with a volume of 118,776 shares trading hands. The stock had previously closed at $6.58.

Oxford Lane Capital Price 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The investment management company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($1.31). The firm had revenue of $166.25 million for the quarter, compared to analyst estimates of $244.27 million.

Institutional Investors Weigh In On Oxford Lane Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brian Low Financial Group LLC purchased a new stake in Oxford Lane Capital in the third quarter valued at approximately $126,000. Choreo LLC acquired a new stake in shares of Oxford Lane Capital in the third quarter valued at approximately $116,000. Park Avenue Securities LLC grew its position in shares of Oxford Lane Capital by 12.5% during the third quarter. Park Avenue Securities LLC now owns 13,644 shares of the investment management company's stock worth $123,000 after acquiring an additional 1,516 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Oxford Lane Capital by 268.7% during the second quarter. Envestnet Asset Management Inc. now owns 83,655 shares of the investment management company's stock worth $733,000 after acquiring an additional 60,965 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Oxford Lane Capital during the second quarter worth approximately $35,000. 6.74% of the stock is owned by hedge funds and other institutional investors.

Oxford Lane Capital Company Profile

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.

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